Cantor Fitzgerald Expects Stronger Earnings for Stratasys

Stratasys Ltd. (NASDAQ:SSYS - Free Report) - Investment analysts at Cantor Fitzgerald boosted their FY2024 EPS estimates for shares of Stratasys in a research note issued on Tuesday, March 4th. Cantor Fitzgerald analyst T. Jensen now forecasts that the technology company will earn ($0.38) per share for the year, up from their prior forecast of ($0.42). Cantor Fitzgerald has a "Overweight" rating and a $15.00 price objective on the stock. The consensus estimate for Stratasys' current full-year earnings is ($0.40) per share.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The company had revenue of $150.40 million during the quarter, compared to analysts' expectations of $151.01 million. During the same quarter in the prior year, the company posted $0.02 EPS. The business's revenue was down 3.8% on a year-over-year basis.

SSYS has been the topic of several other reports. Craig Hallum upped their price objective on Stratasys from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. StockNews.com lowered Stratasys from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC lifted their price objective on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.20.

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Stratasys Trading Down 3.3 %

NASDAQ:SSYS traded down $0.32 during mid-day trading on Thursday, hitting $9.51. The company's stock had a trading volume of 647,951 shares, compared to its average volume of 568,940. The company has a market capitalization of $678.80 million, a price-to-earnings ratio of -7.20 and a beta of 1.28. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $12.88. The stock has a fifty day moving average of $10.25 and a 200-day moving average of $8.93.

Institutional Investors Weigh In On Stratasys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Stratasys in the fourth quarter valued at $68,000. Teton Advisors Inc. bought a new position in shares of Stratasys in the fourth quarter worth about $89,000. Quantbot Technologies LP acquired a new position in shares of Stratasys during the third quarter worth approximately $90,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys during the fourth quarter worth approximately $90,000. Finally, Hsbc Holdings PLC grew its stake in shares of Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after purchasing an additional 1,564 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.