Stratasys Ltd. (NASDAQ:SSYS) Sees Large Growth in Short Interest

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,880,000 shares, a growth of 28.8% from the September 15th total of 1,460,000 shares. Currently, 3.3% of the company's shares are sold short. Based on an average daily volume of 524,500 shares, the days-to-cover ratio is presently 3.6 days.

Stratasys Stock Up 0.8 %

Shares of Stratasys stock traded up $0.05 on Tuesday, hitting $7.30. 241,779 shares of the company's stock traded hands, compared to its average volume of 481,851. The firm's 50-day moving average is $7.37 and its 200 day moving average is $8.58. The stock has a market cap of $521.07 million, a P/E ratio of -4.48 and a beta of 1.19. Stratasys has a 52-week low of $6.05 and a 52-week high of $14.93.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $138.00 million during the quarter, compared to analyst estimates of $146.38 million. Stratasys had a negative net margin of 18.98% and a negative return on equity of 3.29%. The firm's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. Equities research analysts forecast that Stratasys will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SSYS. Craig Hallum dropped their target price on shares of Stratasys from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Monday, July 1st. Cantor Fitzgerald lowered their price target on Stratasys from $23.00 to $12.00 and set an "overweight" rating for the company in a report on Friday, August 30th. Loop Capital cut their price objective on Stratasys from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Thursday, September 5th. Lake Street Capital decreased their target price on Stratasys from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Finally, StockNews.com began coverage on shares of Stratasys in a research note on Monday, September 2nd. They issued a "hold" rating for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.80.

Institutional Trading of Stratasys

Several institutional investors and hedge funds have recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in shares of Stratasys in the 1st quarter worth approximately $61,000. Larson Financial Group LLC increased its stake in Stratasys by 2,711.2% during the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company's stock valued at $111,000 after purchasing an additional 9,218 shares during the last quarter. Values First Advisors Inc. raised its holdings in shares of Stratasys by 51.3% during the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company's stock worth $278,000 after purchasing an additional 11,254 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Stratasys by 4.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company's stock worth $565,000 after buying an additional 1,850 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Stratasys in the 1st quarter valued at about $598,000. 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.