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

Stratasys (NASDAQ:SSYS - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Wednesday.

SSYS has been the subject of several other research reports. Needham & Company LLC restated a "buy" rating and set a $12.00 target price on shares of Stratasys in a research note on Monday, February 3rd. Cantor Fitzgerald reiterated 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 boosted their price objective on 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $11.40.

Stratasys Trading Down 0.8 %

SSYS stock traded down $0.08 during trading on Wednesday, hitting $10.57. 292,922 shares of the company's stock were exchanged, compared to its average volume of 657,967. The business has a 50-day moving average price of $10.16 and a two-hundred day moving average price of $8.82. The stock has a market capitalization of $754.47 million, a price-to-earnings ratio of -8.01 and a beta of 1.31. Stratasys has a 52-week low of $6.05 and a 52-week high of $12.88.

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Institutional Investors Weigh In On Stratasys

Several large investors have recently modified their holdings of the stock. Formidable Asset Management LLC raised its stake in shares of Stratasys by 4.1% during the fourth quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock worth $218,000 after purchasing an additional 965 shares during the last quarter. State Street Corp raised its stake in shares of Stratasys by 1.4% during the third quarter. State Street Corp now owns 105,578 shares of the technology company's stock worth $877,000 after purchasing an additional 1,500 shares during the last quarter. Barclays PLC raised its stake in shares of Stratasys by 1.9% during the third quarter. Barclays PLC now owns 80,454 shares of the technology company's stock worth $669,000 after purchasing an additional 1,525 shares during the last quarter. Hsbc Holdings PLC raised its stake 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 worth $148,000 after purchasing an additional 1,564 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Stratasys by 4.6% during the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company's stock worth $467,000 after purchasing an additional 2,483 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.

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.