Short Interest in Stratasys Ltd. (NASDAQ:SSYS) Decreases By 23.6%

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 599,200 shares, a decline of 23.6% from the February 13th total of 784,300 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 671,200 shares, the short-interest ratio is currently 0.9 days.

Stratasys Stock Down 2.6 %

NASDAQ:SSYS traded down $0.27 on Friday, reaching $10.19. The stock had a trading volume of 600,862 shares, compared to its average volume of 570,901. The company has a market capitalization of $730.79 million, a P/E ratio of -7.72 and a beta of 1.28. Stratasys has a 1-year low of $6.05 and a 1-year high of $12.88. The stock has a fifty day moving average price of $10.43 and a 200-day moving average price of $9.07.

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

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Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of 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 company an "overweight" rating in a research note on Tuesday, March 4th. Finally, Needham & Company LLC raised their target price on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research report 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 MarketBeat.com, Stratasys presently has an average rating of "Moderate Buy" and an average price target of $12.20.

Institutional Trading of Stratasys

A number of hedge funds and other institutional investors have recently made changes to their positions in SSYS. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Stratasys by 510.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company's stock worth $563,000 after acquiring an additional 56,699 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Stratasys during the third quarter worth approximately $90,000. BNP Paribas Financial Markets grew its stake in shares of Stratasys by 785.6% during the third quarter. BNP Paribas Financial Markets now owns 129,728 shares of the technology company's stock valued at $1,078,000 after purchasing an additional 115,080 shares during the last quarter. Rubric Capital Management LP increased its holdings in shares of Stratasys by 3.7% in the third quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company's stock valued at $51,447,000 after purchasing an additional 222,297 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Stratasys in the 3rd quarter worth approximately $322,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

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.