Stratasys Ltd. (NASDAQ:SSYS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Stratasys Ltd. (NASDAQ:SSYS) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.00.

Several equities analysts have recently weighed in on SSYS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Stratasys in a report on Monday, February 3rd. Craig Hallum lifted their target price on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Cantor Fitzgerald lifted their target price on shares of Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday.

Stratasys Stock Down 2.5 %

SSYS stock opened at $10.35 on Thursday. The firm has a 50 day moving average of $10.23 and a 200 day moving average of $8.90. The stock has a market capitalization of $738.76 million, a PE ratio of -7.84 and a beta of 1.31. Stratasys has a 52 week low of $6.05 and a 52 week high of $12.88.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $150.40 million during the quarter, compared to analysts’ expectations of $151.01 million. During the same period in the previous year, the business posted $0.02 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts expect that Stratasys will post -0.4 earnings per share for the current year.

Institutional Investors Weigh In On Stratasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSYS. Pinnacle Associates Ltd. increased its holdings in Stratasys by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock worth $8,731,000 after acquiring an additional 3,791 shares in the last quarter. ARK Investment Management LLC increased its holdings in Stratasys by 0.7% in the 3rd quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock worth $5,378,000 after acquiring an additional 4,589 shares in the last quarter. RPG Investment Advisory LLC increased its holdings in Stratasys by 29.6% in the 3rd quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after acquiring an additional 150,891 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Stratasys by 510.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock worth $563,000 after acquiring an additional 56,699 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Stratasys in the 3rd quarter worth $90,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.

About Stratasys

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.