Stratasys Sees Unusually High Options Volume (NASDAQ:SSYS)

Stratasys, Ltd. (NASDAQ:SSYS) saw unusually large options trading activity on Monday. Stock investors acquired 16,883 call options on the company. This is an increase of 472% compared to the average volume of 2,950 call options.

Institutional Investors Weigh In On Stratasys

Several hedge funds and other institutional investors have recently modified their holdings of SSYS. Janney Montgomery Scott LLC bought a new stake in shares of Stratasys during the first quarter valued at about $498,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Stratasys during the first quarter valued at about $1,892,000. Brown Advisory Inc. bought a new stake in shares of Stratasys during the first quarter valued at about $369,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Stratasys by 84.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company’s stock valued at $20,862,000 after purchasing an additional 977,403 shares in the last quarter. Finally, Royce & Associates LP raised its stake in Stratasys by 236.6% in the first quarter. Royce & Associates LP now owns 555,420 shares of the technology company’s stock valued at $5,438,000 after purchasing an additional 390,420 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors.

Stratasys Stock Up 13.9%

Shares of SSYS opened at $12.44 on Tuesday. The business’s 50-day moving average price is $10.74 and its 200-day moving average price is $10.56. Stratasys has a twelve month low of $6.92 and a twelve month high of $12.88. The stock has a market cap of $1.06 billion, a PE ratio of -9.28 and a beta of 1.59.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The firm had revenue of $138.09 million for the quarter, compared to analysts’ expectations of $137.15 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The company’s revenue was up .1% on a year-over-year basis. Stratasys has set its FY 2025 guidance at EPS. Analysts expect that Stratasys will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Finally, Needham & Company LLC dropped their price objective on shares of Stratasys from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

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.