Stratasys (NASDAQ:SSYS) Upgraded at StockNews.com

StockNews.com upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a report issued on Tuesday morning.

A number of other research firms also recently issued reports on SSYS. Cantor Fitzgerald restated an “overweight” rating and set a $12.00 price target on shares of Stratasys in a research note on Monday, February 3rd. Craig Hallum lifted their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Stratasys in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Stock Down 3.4 %

Stratasys stock opened at $11.52 on Tuesday. The business has a 50-day simple moving average of $10.03 and a two-hundred day simple moving average of $8.66. The company has a market cap of $822.30 million, a P/E ratio of -8.73 and a beta of 1.31. Stratasys has a 52-week low of $6.05 and a 52-week high of $13.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Invenomic Capital Management LP purchased a new position in Stratasys in the 3rd quarter worth approximately $10,916,000. Penn Capital Management Company LLC purchased a new position in Stratasys in the 4th quarter worth approximately $5,376,000. RPG Investment Advisory LLC lifted its holdings in Stratasys by 64.6% in the 4th quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock worth $9,658,000 after purchasing an additional 426,341 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Stratasys by 53.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock worth $10,255,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Formula Growth Ltd. lifted its holdings in Stratasys by 58.3% in the 4th quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company’s stock worth $6,756,000 after purchasing an additional 280,000 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.