Stratasys (NASDAQ:SSYS) Shares Gap Up - Time to Buy?

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $9.31, but opened at $10.84. Stratasys shares last traded at $11.12, with a volume of 1,211,195 shares.

Analyst Ratings Changes

A number of research firms recently issued reports on SSYS. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $12.00 price target on shares of Stratasys in a report on Monday. Craig Hallum upped their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Needham & Company LLC reissued a "buy" rating and issued a $12.00 price target on shares of Stratasys in a report on Monday. Finally, StockNews.com raised Stratasys from a "hold" rating to a "buy" rating in a report on Wednesday, December 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.40.

Stratasys Price Performance

The company has a market cap of $917.21 million, a price-to-earnings ratio of -9.73 and a beta of 1.31. The stock has a 50-day moving average price of $9.59 and a 200 day moving average price of $8.43.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $139.49 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The business's revenue was down 13.6% on a year-over-year basis. Sell-side analysts expect that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Stratasys

A number of large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock worth $193,000 after buying an additional 4,600 shares during the period. RPG Investment Advisory LLC lifted its stake in Stratasys by 29.6% in the 3rd quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company's stock valued at $5,485,000 after acquiring an additional 150,891 shares in the last quarter. Geode Capital Management LLC boosted its position in Stratasys by 42.2% during the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company's stock worth $560,000 after acquiring an additional 20,012 shares during the last quarter. Barclays PLC grew its stake in shares of Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company's stock worth $669,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 in the last quarter. 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.