Analysts Set Stratasys Ltd. (NASDAQ:SSYS) PT at $12.20

Shares of Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) have earned an average rating of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.20.

SSYS has been the topic of a number of recent analyst reports. StockNews.com cut Stratasys from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Cantor Fitzgerald upped their price objective on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC raised their price target on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 6th.

Institutional Trading of Stratasys

Several hedge funds have recently bought and sold shares of the business. Rubric Capital Management LP raised its position in Stratasys by 3.7% in the 3rd quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company's stock valued at $51,447,000 after buying an additional 222,297 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Stratasys by 0.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock valued at $12,445,000 after purchasing an additional 9,522 shares during the period. Clearline Capital LP boosted its holdings in Stratasys by 23.3% in the 3rd quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company's stock worth $11,362,000 after buying an additional 258,603 shares during the period. Invenomic Capital Management LP bought a new stake in Stratasys during the 3rd quarter valued at $10,916,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Stratasys by 53.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company's stock worth $10,255,000 after purchasing an additional 400,000 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company's stock.

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Stratasys Price Performance

NASDAQ SSYS traded up $0.13 during trading on Monday, reaching $10.28. 383,159 shares of the company's stock were exchanged, compared to its average volume of 571,594. The business has a 50 day moving average price of $10.54 and a 200-day moving average price of $9.19. The stock has a market capitalization of $737.24 million, a P/E ratio of -7.79 and a beta of 1.28. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings data 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. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The company had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. During the same period in the prior year, the firm earned $0.02 earnings per share. The company's revenue was down 3.8% on a year-over-year basis. On average, analysts forecast that Stratasys will post -0.4 earnings per share 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.