Stratasys’ (SSYS) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Stratasys (NASDAQ:SSYS) in a research report sent to investors on Monday morning,Benzinga reports. They currently have a $12.00 price objective on the technology company’s stock.

Several other analysts have also recently commented on the stock. Craig Hallum raised their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price objective on shares of Stratasys in a research note on Monday. Finally, StockNews.com upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Stock Up 0.6 %

Shares of NASDAQ:SSYS opened at $12.52 on Monday. The company has a market cap of $893.68 million, a price-to-earnings ratio of -9.48 and a beta of 1.31. The firm’s 50-day simple moving average is $9.53 and its 200-day simple moving average is $8.40. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $13.98.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, research analysts forecast that Stratasys will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its position in Stratasys by 1.4% during the third quarter. State Street Corp now owns 105,578 shares of the technology company’s stock worth $877,000 after acquiring an additional 1,500 shares during the last quarter. Barclays PLC raised its position in shares of Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock valued at $669,000 after buying an additional 1,525 shares during the last quarter. Tidal Investments LLC raised its position in shares of Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after buying an additional 2,483 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of Stratasys by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after buying an additional 3,791 shares during the last quarter. Finally, ARK Investment Management LLC raised its position in shares of Stratasys by 0.7% in the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after buying an additional 4,589 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Company Profile

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.