Needham & Company LLC Has Lowered Expectations for Stratasys (NASDAQ:SSYS) Stock Price

Stratasys (NASDAQ:SSYS) had its price target decreased by Needham & Company LLC from $13.00 to $12.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 34.08% from the company’s current price. Needham & Company LLC also issued estimates for Stratasys’ Q3 2026 earnings at $0.00 EPS and Q4 2026 earnings at $0.01 EPS.

A number of other equities research analysts have also weighed in on SSYS. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a report on Wednesday, October 8th. Wall Street Zen cut Stratasys from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Stratasys has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

Stratasys Stock Performance

Shares of SSYS opened at $8.95 on Friday. Stratasys has a 1 year low of $8.36 and a 1 year high of $12.88. The stock has a market capitalization of $761.58 million, a PE ratio of -6.68 and a beta of 1.60. The stock has a 50-day simple moving average of $10.76 and a 200-day simple moving average of $10.73.

Stratasys (NASDAQ:SSYS) last released its earnings results on Thursday, November 13th. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. The firm had revenue of $136.97 million for the quarter, compared to analyst estimates of $136.60 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at 0.130-0.160 EPS. Analysts predict that Stratasys will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Stratasys

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Stratasys in the 2nd quarter valued at $35,000. State of Alaska Department of Revenue acquired a new stake in Stratasys during the 3rd quarter worth approximately $45,000. Osaic Holdings Inc. grew its stake in shares of Stratasys by 66.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company’s stock valued at $94,000 after purchasing an additional 3,282 shares during the last quarter. Teton Advisors LLC purchased a new position in shares of Stratasys in the 3rd quarter valued at approximately $112,000. Finally, Headlands Technologies LLC acquired a new position in shares of Stratasys in the second quarter valued at approximately $113,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.