Stratasys (NASDAQ:SSYS) Stock Price Up 10.7% - Still a Buy?

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) rose 10.7% during trading on Monday . The stock traded as high as $7.78 and last traded at $7.76. Approximately 156,051 shares were traded during trading, a decline of 67% from the average daily volume of 475,979 shares. The stock had previously closed at $7.01.

Wall Street Analysts Forecast Growth

SSYS has been the subject of several research reports. Lake Street Capital decreased their price objective on shares of 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 initiated coverage on shares of Stratasys in a research note on Monday, September 2nd. They set a "hold" rating for the company. Cantor Fitzgerald decreased their price objective on shares of Stratasys from $23.00 to $12.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. Loop Capital decreased their price objective on shares of Stratasys from $9.00 to $7.00 and set a "hold" rating for the company in a research note on Thursday, September 5th. Finally, Craig Hallum decreased their price objective on shares of Stratasys from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Monday, July 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Stratasys has an average rating of "Moderate Buy" and an average price target of $10.80.

Stratasys Stock Performance

The firm's 50 day moving average is $7.38 and its 200-day moving average is $8.37. The stock has a market capitalization of $536.35 million, a price-to-earnings ratio of -4.30 and a beta of 1.19.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $138.00 million during the quarter, compared to analysts' expectations of $146.38 million. Stratasys had a negative net margin of 18.98% and a negative return on equity of 3.29%. The business's revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. As a group, sell-side analysts forecast that Stratasys Ltd. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Stratasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSYS. 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 worth $2,180,000 after acquiring an additional 10,561 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Stratasys by 2,711.2% during the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company's stock worth $111,000 after buying an additional 9,218 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Stratasys by 1.9% during the first quarter. Essex Investment Management Co. LLC now owns 135,324 shares of the technology company's stock worth $1,572,000 after buying an additional 2,528 shares in the last quarter. RPG Investment Advisory LLC grew its holdings in shares of Stratasys by 13.6% during the first quarter. RPG Investment Advisory LLC now owns 479,928 shares of the technology company's stock worth $5,577,000 after buying an additional 57,421 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of Stratasys during the first quarter worth $61,000. Hedge funds and other institutional investors 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.