Stratasys (NASDAQ:SSYS) Rating Increased to Buy at StockNews.com

Stratasys (NASDAQ:SSYS - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.

Several other analysts have also recently weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $12.00 price objective on shares of Stratasys in a research note on Monday, February 3rd. Needham & Company LLC reissued a "buy" rating and issued a $12.00 price objective on shares of Stratasys in a research note on Monday, February 3rd. Finally, Craig Hallum boosted their price objective 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.40.

Stratasys Stock Down 2.9 %

Shares of NASDAQ SSYS traded down $0.33 during midday trading on Tuesday, reaching $11.19. 566,538 shares of the company were exchanged, compared to its average volume of 698,213. The stock's 50-day moving average price is $10.04 and its 200-day moving average price is $8.68. The stock has a market cap of $798.74 million, a P/E ratio of -8.48 and a beta of 1.31. Stratasys has a one year low of $6.05 and a one year high of $13.12.

Institutional Trading of Stratasys

Institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Stratasys during the fourth quarter valued at $68,000. Teton Advisors Inc. bought a new stake in Stratasys during the fourth quarter valued at $89,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys during the fourth quarter valued at about $90,000. Quantbot Technologies LP acquired a new position in shares of Stratasys during the third quarter valued at about $90,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Stratasys by 10.4% during 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 own 75.77% of the company's stock.

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.