Stratasys Ltd. (NASDAQ:SSYS) Given Average Recommendation of "Moderate Buy" by Analysts

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) has earned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.20.

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald upped their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Needham & Company LLC upped their price target on shares of Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, StockNews.com cut Stratasys from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th.

Institutional Trading of Stratasys

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Stratasys in the fourth quarter valued at approximately $68,000. Teton Advisors Inc. acquired a new stake in shares of Stratasys in the 4th quarter worth $89,000. SBI Securities Co. Ltd. purchased a new position in shares of Stratasys during the 4th quarter worth $90,000. Harbor Capital Advisors Inc. acquired a new position in shares of Stratasys during the 1st quarter valued at about $105,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after purchasing an additional 1,564 shares during the period. Institutional investors and hedge funds own 75.77% of the company's stock.

Stratasys Trading Up 0.9 %

SSYS traded up $0.08 on Friday, reaching $9.14. The stock had a trading volume of 262,689 shares, compared to its average volume of 584,553. The business's 50-day moving average price is $9.96 and its two-hundred day moving average price is $9.44. The company has a market cap of $655.48 million, a P/E ratio of -6.92 and a beta of 1.44. Stratasys has a 12-month low of $6.05 and a 12-month high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $150.40 million during the quarter, compared to analyst estimates of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. Stratasys's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 EPS. As a group, analysts predict that Stratasys will post -0.4 earnings per share for the current year.

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.