Stratasys (NASDAQ:SSYS) Sees Large Volume Increase - What's Next?

Shares of Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) saw strong trading volume on Tuesday . 416,347 shares traded hands during mid-day trading, a decline of 33% from the previous session's volume of 621,148 shares.The stock last traded at $11.94 and had previously closed at $11.31.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a research note on Wednesday, December 25th. Craig Hallum upped their price target 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. Cantor Fitzgerald reiterated an "overweight" rating and issued a $12.00 price target on shares of Stratasys in a research note on Monday. Finally, Needham & Company LLC restated a "buy" rating and set a $12.00 target price on shares of Stratasys in a research note on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $11.40.

Stratasys Stock Performance

The stock has a market cap of $870.12 million, a PE ratio of -9.23 and a beta of 1.31. The company's 50-day moving average price is $9.65 and its 200 day moving average price is $8.46.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly 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. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $140.00 million during the quarter, compared to analyst estimates of $139.49 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The business's revenue for the quarter was down 13.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Several hedge funds and other institutional investors have recently made changes to their positions in SSYS. Quantbot Technologies LP purchased a new stake in Stratasys in the 3rd quarter worth approximately $90,000. SBI Securities Co. Ltd. purchased a new stake in Stratasys in the 4th quarter worth approximately $90,000. Stifel Financial Corp increased its holdings in Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock worth $193,000 after acquiring an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Stratasys in the 3rd quarter worth approximately $210,000. Finally, Verition Fund Management LLC bought a new position in Stratasys in the 3rd quarter worth approximately $322,000. 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.