Stratasys' (SSYS) "Buy" Rating Reiterated at Needham & Company LLC

Stratasys (NASDAQ:SSYS - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $12.00 price target on the technology company's stock. Needham & Company LLC's price target points to a potential downside of 6.61% from the stock's current price.

Several other research analysts have also recently issued reports on the stock. Craig Hallum increased their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, November 14th. StockNews.com raised Stratasys from a "hold" rating to a "buy" rating in a research note on Wednesday, December 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.40.

Stratasys Price Performance

SSYS stock traded up $0.33 on Monday, reaching $12.85. The company's stock had a trading volume of 820,825 shares, compared to its average volume of 756,252. The firm has a fifty day moving average of $9.59 and a two-hundred day moving average of $8.43. The company has a market capitalization of $917.21 million, a P/E ratio of -9.73 and a beta of 1.31. Stratasys has a 52 week low of $6.05 and a 52 week high of $13.98.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.05. The company had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company's quarterly revenue was down 13.6% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. As a group, equities analysts expect that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Stratasys during the 3rd quarter valued at $90,000. SBI Securities Co. Ltd. acquired a new position in Stratasys during the fourth quarter valued at $90,000. Stifel Financial Corp lifted its stake in Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock worth $193,000 after acquiring an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Stratasys in the 3rd quarter worth about $210,000. Finally, Verition Fund Management LLC acquired a new stake in Stratasys during the 3rd quarter worth about $322,000. Hedge funds and other institutional investors own 75.77% of the company's stock.

About Stratasys

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.