Stratasys Ltd. (NASDAQ:SSYS) Receives $11.40 Consensus Target Price from Brokerages

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) has received an average rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.40.

SSYS has been the topic of several recent analyst reports. Needham & Company LLC increased their price objective on Stratasys from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Craig Hallum lifted their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. 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. Lake Street Capital dropped their target price on shares of Stratasys from $15.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Finally, StockNews.com lowered shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th.

Stratasys Stock Down 6.6 %

Shares of NASDAQ SSYS traded down $0.71 during midday trading on Friday, hitting $10.08. The stock had a trading volume of 871,964 shares, compared to its average volume of 520,309. The business's 50 day moving average is $8.52 and its 200-day moving average is $8.23. Stratasys has a 52 week low of $6.05 and a 52 week high of $14.93. The company has a market cap of $719.51 million, a P/E ratio of -7.64 and a beta of 1.31.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $140.00 million for the quarter, compared to analysts' expectations of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm's quarterly revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. As a group, analysts expect that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SSYS. Quantbot Technologies LP bought a new stake in shares of Stratasys during the 3rd quarter valued at $90,000. Stifel Financial Corp grew its holdings in Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock valued at $193,000 after purchasing an additional 4,600 shares during the period. Point72 Asset Management L.P. purchased a new stake in Stratasys in the third quarter worth about $210,000. Values First Advisors Inc. raised its stake in shares of Stratasys by 51.3% in the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company's stock worth $278,000 after buying an additional 11,254 shares during the period. Finally, Verition Fund Management LLC purchased a new position in shares of Stratasys during the 3rd quarter valued at about $322,000. 75.77% of the stock is currently owned by institutional investors.

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.