StockNews.com Downgrades Stratasys (NASDAQ:SSYS) to Hold

Stratasys (NASDAQ:SSYS - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Monday.

Several other research firms also recently issued reports on SSYS. Needham & Company LLC restated a "buy" rating and issued a $12.00 price objective on shares of Stratasys in a research note on Monday, February 3rd. Cantor Fitzgerald restated an "overweight" rating and issued a $12.00 price objective on shares of Stratasys in a research note on Monday, February 3rd. Finally, Craig Hallum upped their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Stratasys currently has an average rating of "Moderate Buy" and an average price target of $11.40.

Stratasys Trading Up 1.8 %

NASDAQ:SSYS traded up $0.22 during trading hours on Monday, hitting $11.99. The company's stock had a trading volume of 337,645 shares, compared to its average volume of 727,422. The stock has a market capitalization of $855.47 million, a P/E ratio of -9.08 and a beta of 1.31. The stock has a fifty day moving average of $9.88 and a 200-day moving average of $8.56. Stratasys has a 52-week low of $6.05 and a 52-week high of $13.98.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. The firm had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. Stratasys's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) earnings per share. On average, sell-side analysts forecast that Stratasys will post -0.4 earnings per share for the current year.

Hedge Funds Weigh In On Stratasys

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of Stratasys during the fourth quarter worth about $68,000. Teton Advisors Inc. purchased a new stake in Stratasys in the 4th quarter valued at approximately $89,000. SBI Securities Co. Ltd. purchased a new stake in Stratasys in the 4th quarter valued at approximately $90,000. Quantbot Technologies LP purchased a new stake in Stratasys in the 3rd quarter valued at approximately $90,000. Finally, Hsbc Holdings PLC boosted its holdings in Stratasys by 10.4% in the 4th 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 in the last quarter. Hedge funds and other 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.