RBF Capital LLC bought a new position in shares of Stratasys Ltd. (NASDAQ:SSYS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 130,000 shares of the technology company's stock, valued at approximately $1,080,000. RBF Capital LLC owned approximately 0.18% of Stratasys at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Pinnacle Associates Ltd. lifted its position in shares of Stratasys by 0.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company's stock worth $8,731,000 after buying an additional 3,791 shares during the last quarter. ARK Investment Management LLC lifted its position in Stratasys by 0.7% in the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company's stock valued at $5,378,000 after acquiring an additional 4,589 shares during the last quarter. Trium Capital LLP boosted its stake in Stratasys by 5.6% in the second quarter. Trium Capital LLP now owns 150,948 shares of the technology company's stock valued at $1,266,000 after acquiring an additional 8,052 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Stratasys during the third quarter worth about $90,000. Finally, Values First Advisors Inc. increased its position 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 in the last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SSYS. Loop Capital decreased their target price on Stratasys from $9.00 to $7.00 and set a "hold" rating for the company in a research report on Thursday, September 5th. StockNews.com lowered shares of Stratasys from a "buy" rating to a "hold" rating in a research report on Thursday. Lake Street Capital reduced their price target on shares of Stratasys from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Cantor Fitzgerald lowered their price objective on shares of Stratasys from $23.00 to $12.00 and set an "overweight" rating on the stock in a research report on Friday, August 30th. Finally, Craig Hallum upped their target price on shares of Stratasys from $12.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Stratasys presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.40.
Read Our Latest Stock Analysis on Stratasys
Stratasys Trading Down 4.6 %
NASDAQ:SSYS traded down $0.46 during mid-day trading on Thursday, hitting $9.44. The stock had a trading volume of 200,085 shares, compared to its average volume of 512,571. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $14.93. The company has a 50 day simple moving average of $8.22 and a 200-day simple moving average of $8.18.
Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. During the same period in the prior year, the business earned ($0.05) EPS. The business's revenue for the quarter was down 13.6% on a year-over-year basis. Sell-side analysts anticipate that Stratasys Ltd. will post -0.41 earnings per share for the current year.
Stratasys Profile
(
Free Report)
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.
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