Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.80.
SSYS has been the topic of several research reports. Needham & Company LLC decreased their price target on shares of Stratasys from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Craig Hallum decreased their target price on shares of Stratasys from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday, July 1st. Lake Street Capital dropped their price target on Stratasys from $15.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, August 30th. StockNews.com began coverage on Stratasys in a report on Monday, September 2nd. They set a "hold" rating on the stock. Finally, Loop Capital lowered their target price on Stratasys from $9.00 to $7.00 and set a "hold" rating for the company in a report on Thursday, September 5th.
Check Out Our Latest Stock Analysis on SSYS
Stratasys Price Performance
SSYS traded up $0.17 during trading on Monday, hitting $8.31. The stock had a trading volume of 602,086 shares, compared to its average volume of 490,933. The firm has a market cap of $578.84 million, a price-to-earnings ratio of -4.54 and a beta of 1.18. The company has a 50 day moving average price of $7.58 and a 200-day moving average price of $8.92. Stratasys has a one year low of $6.05 and a one year high of $14.93.
Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The firm had revenue of $138.00 million for the quarter, compared to analyst estimates of $146.38 million. During the same quarter last year, the company earned ($0.08) EPS. The company's revenue was down 13.6% on a year-over-year basis. As a group, sell-side analysts predict that Stratasys will post -0.44 EPS for the current fiscal year.
Institutional Investors Weigh In On Stratasys
Institutional investors have recently made changes to their positions in the stock. Clearline Capital LP bought a new position in shares of Stratasys during the second quarter worth about $9,301,000. Gabelli Funds LLC raised its position in shares of Stratasys by 9.0% in the 2nd quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company's stock worth $1,620,000 after acquiring an additional 16,000 shares in the last quarter. Rubric Capital Management LP lifted its stake in shares of Stratasys by 18.2% in the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company's stock valued at $50,077,000 after purchasing an additional 918,703 shares during the period. RPG Investment Advisory LLC boosted its position in shares of Stratasys by 6.1% during the 2nd quarter. RPG Investment Advisory LLC now owns 509,105 shares of the technology company's stock valued at $4,271,000 after purchasing an additional 29,177 shares in the last quarter. Finally, Trium Capital LLP boosted its position in shares of Stratasys by 5.6% during the 2nd quarter. Trium Capital LLP now owns 150,948 shares of the technology company's stock valued at $1,266,000 after purchasing an additional 8,052 shares in the last quarter. Institutional investors own 75.77% of the company's stock.
Stratasys Company Profile
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Get Free ReportStratasys 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.
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