Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 713,600 shares, an increase of 19.1% from the February 28th total of 599,200 shares. Approximately 1.2% of the company's shares are sold short. Based on an average daily volume of 620,100 shares, the short-interest ratio is presently 1.2 days.
Institutional Trading of Stratasys
Institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC lifted its position in Stratasys by 0.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock worth $12,445,000 after buying an additional 9,522 shares in the last quarter. Invenomic Capital Management LP bought a new position in Stratasys in the third quarter valued at approximately $10,916,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of 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. RPG Investment Advisory LLC boosted its holdings in shares of Stratasys by 64.6% in the 4th quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company's stock valued at $9,658,000 after buying an additional 426,341 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Stratasys by 0.6% during the fourth quarter. Legal & General Group Plc now owns 941,407 shares of the technology company's stock worth $8,369,000 after buying an additional 5,541 shares during the last quarter. Institutional investors own 75.77% of the company's stock.
Stratasys Stock Up 0.7 %
Shares of NASDAQ:SSYS traded up $0.06 during midday trading on Monday, reaching $9.08. 1,014,073 shares of the company were exchanged, compared to its average volume of 585,225. The firm has a market cap of $651.18 million, a PE ratio of -6.88 and a beta of 1.44. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $12.88. The stock has a fifty day simple moving average of $10.61 and a two-hundred day simple moving average of $9.34.
Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $150.40 million for 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%. The company's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share. As a group, analysts forecast that Stratasys will post -0.4 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have weighed in on SSYS. StockNews.com lowered Stratasys from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Cantor Fitzgerald boosted their price target on shares of Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Needham & Company LLC raised their price objective on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.20.
View Our Latest Research Report on SSYS
About Stratasys
(
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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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