Stratasys (NASDAQ:SSYS) Stock Price Up 12.2% – Still a Buy?

Stratasys, Ltd. (NASDAQ:SSYS) shares rose 12.2% on Tuesday . The stock traded as high as $10.35 and last traded at $10.12. Approximately 1,472,495 shares changed hands during trading, an increase of 55% from the average daily volume of 947,330 shares. The stock had previously closed at $9.02.

Wall Street Analysts Forecast Growth

SSYS has been the subject of several research analyst reports. Needham & Company LLC cut their target price on shares of Stratasys from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Weiss Ratings raised shares of Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 21st. Finally, Craig Hallum cut their target price on shares of Stratasys from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stratasys has an average rating of “Moderate Buy” and an average price target of $12.33.

Stratasys Stock Up 1.1%

The company has a market capitalization of $863.42 million, a PE ratio of -7.42 and a beta of 1.86. The company’s 50 day moving average is $8.45 and its two-hundred day moving average is $9.24.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Stratasys had a negative net margin of 21.00% and a negative return on equity of 1.73%. The business had revenue of $132.70 million during the quarter, compared to analysts’ expectations of $131.82 million. During the same period last year, the company posted $0.04 EPS. The business’s revenue was down 2.5% on a year-over-year basis. Stratasys has set its FY 2026 guidance at 0.090-0.140 EPS. Analysts forecast that Stratasys, Ltd. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Stratasys

A number of institutional investors and hedge funds have recently made changes to their positions in SSYS. TD Waterhouse Canada Inc. purchased a new position in shares of Stratasys in the 4th quarter worth $25,000. Global Retirement Partners LLC purchased a new position in shares of Stratasys in the 4th quarter worth $26,000. Parallel Advisors LLC grew its stake in shares of Stratasys by 1,071.4% in the 1st quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock worth $30,000 after buying an additional 3,482 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Stratasys in the 3rd quarter worth $34,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Stratasys in the 2nd quarter worth $35,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.