Stratasys Ltd. (NASDAQ:SSYS) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) have received an average recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.40.

Several equities research analysts recently issued reports on SSYS shares. Needham & Company LLC lifted their price target on shares of Stratasys from $10.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, November 14th. StockNews.com upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a research report on Wednesday, December 25th. Finally, Craig Hallum upped their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, November 14th.

Institutional Trading of Stratasys

A number of institutional investors and hedge funds have recently bought and sold shares of SSYS. Quantbot Technologies LP acquired a new position in shares of Stratasys in the 3rd quarter worth approximately $90,000. Stifel Financial Corp raised its stake in Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock worth $193,000 after buying an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Stratasys in the third quarter valued at $210,000. Verition Fund Management LLC bought a new stake in Stratasys during the third quarter valued at $322,000. Finally, Tidal Investments LLC grew its holdings in Stratasys by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company's stock worth $467,000 after acquiring an additional 2,483 shares during the period. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Price Performance

NASDAQ:SSYS traded down $0.19 during mid-day trading on Wednesday, reaching $9.00. The stock had a trading volume of 435,576 shares, compared to its average volume of 358,755. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.33. The stock has a market capitalization of $642.40 million, a PE ratio of -6.82 and a beta of 1.31. The stock has a 50-day simple moving average of $9.17 and a two-hundred day simple moving average of $8.29.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating 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 company had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. During the same quarter last year, the company posted ($0.05) EPS. The company's revenue for the quarter was down 13.6% compared to the same quarter last year. Equities analysts expect that Stratasys will post -0.4 EPS for the current year.

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.