Stratasys, Ltd. (NASDAQ:SSYS) Stock Has Consensus Target Price of $12.33

Stratasys, Ltd. (NASDAQ:SSYS) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.33.

A number of brokerages recently weighed in on SSYS. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a report on Tuesday, August 18th. Zacks Research lowered shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th.

Institutional Investors Weigh In On Stratasys

A number of institutional investors have recently added to or reduced their stakes in SSYS. Kopion Asset Management LLC lifted its holdings in shares of Stratasys by 11.0% during the 3rd quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company’s stock worth $8,745,000 after acquiring an additional 104,371 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Stratasys by 860.9% in the third quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company’s stock valued at $30,000 after purchasing an additional 3,194 shares in the last quarter. Moody National Bank Trust Division raised its holdings in Stratasys by 6.5% during the 3rd quarter. Moody National Bank Trust Division now owns 89,038 shares of the technology company’s stock worth $740,000 after purchasing an additional 5,401 shares during the last quarter. Tidal Investments LLC grew its holdings in Stratasys by 116.7% during the 2nd quarter. Tidal Investments LLC now owns 128,353 shares of the technology company’s stock worth $1,099,000 after acquiring an additional 69,115 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Stratasys in the second quarter valued at about $27,000. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Price Performance

Shares of NASDAQ SSYS traded down $0.18 during midday trading on Friday, reaching $6.94. 767,438 shares of the company traded hands, compared to its average volume of 739,604. The stock has a 50-day moving average price of $8.04 and a 200 day moving average price of $8.40. The company has a market cap of $611.28 million, a price-to-earnings ratio of -5.18 and a beta of 1.99. Stratasys has a 52 week low of $6.82 and a 52 week high of $12.81.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $137.61 million during the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. As a group, analysts expect that Stratasys will post -0.19 EPS for the current year.

Stratasys Company Profile

Stratasys Ltd. (NASDAQ: SSYS) is a manufacturer of polymer 3D printing systems and related production solutions. The company develops and sells additive manufacturing platforms, printing materials, software and services designed to support prototyping, tooling and the production of end-use parts.

Its product portfolio includes systems based on technologies such as fused deposition modeling, PolyJet, stereolithography, selective absorption fusion and other polymer additive manufacturing processes.