Analysts Set Stratasys Ltd. (NASDAQ:SSYS) Target Price at $10.80

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.80.

SSYS has been the subject of several recent research reports. StockNews.com began coverage on shares of Stratasys in a research report on Monday, September 2nd. They set a "hold" rating for the company. Lake Street Capital reduced their price objective on Stratasys from $15.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Cantor Fitzgerald lowered their target price on Stratasys from $23.00 to $12.00 and set an "overweight" rating on the stock in a research report on Friday, August 30th. Needham & Company LLC reduced their price target on Stratasys from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Finally, Craig Hallum decreased their price objective on Stratasys from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Monday, July 1st.

Institutional Trading of Stratasys

Several institutional investors have recently made changes to their positions in the business. Rubric Capital Management LP boosted its stake in Stratasys by 18.2% in the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company's stock worth $50,077,000 after purchasing an additional 918,703 shares during the period. ARK Investment Management LLC grew its stake in Stratasys by 22.2% during the second quarter. ARK Investment Management LLC now owns 642,632 shares of the technology company's stock valued at $5,392,000 after acquiring an additional 116,912 shares in the last quarter. State of Michigan Retirement System grew its stake in Stratasys by 17.2% during the second quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company's stock valued at $6,859,000 after acquiring an additional 120,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Stratasys by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 187,596 shares of the technology company's stock valued at $2,180,000 after acquiring an additional 10,561 shares during the last quarter. Finally, Clearline Capital LP purchased a new stake in Stratasys in the 2nd quarter worth $9,301,000. Hedge funds and other institutional investors own 75.77% of the company's stock.

Stratasys Stock Down 0.5 %

SSYS traded down $0.04 during mid-day trading on Friday, reaching $7.01. 426,655 shares of the company traded hands, compared to its average volume of 477,522. The stock has a market capitalization of $487.94 million, a P/E ratio of -3.83 and a beta of 1.19. Stratasys has a 52-week low of $6.05 and a 52-week high of $14.93. The company's fifty day moving average price is $7.38 and its 200-day moving average price is $8.41.

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, beating analysts' consensus estimates of ($0.05) by $0.01. The company had revenue of $138.00 million during the quarter, compared to analysts' expectations of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. Stratasys's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share. As a group, sell-side analysts forecast that Stratasys will post -0.44 earnings per share for the current fiscal year.

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.