Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) shares traded down 5.7% during mid-day trading on Thursday . The company traded as low as $9.61 and last traded at $9.76. 141,383 shares were traded during trading, a decline of 75% from the average session volume of 563,767 shares. The stock had previously closed at $10.35.
Wall Street Analysts Forecast Growth
SSYS has been the topic of a number of research reports. Cantor Fitzgerald increased their price objective on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Craig Hallum raised their target price on Stratasys from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. StockNews.com cut shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC raised their target price on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday. Two 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, the company has an average rating of "Moderate Buy" and a consensus price target of $12.20.
Read Our Latest Report on Stratasys
Stratasys Trading Down 2.6 %
The stock has a market capitalization of $683.44 million, a P/E ratio of -7.28 and a beta of 1.28. The company has a fifty day simple moving average of $10.25 and a two-hundred day simple moving average of $8.93.
Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. During the same period in the prior year, the business posted $0.02 earnings per share. Stratasys's revenue was down 3.8% compared to the same quarter last year. As a group, analysts forecast that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Stratasys
Several hedge funds have recently made changes to their positions in the business. Stifel Financial Corp grew its holdings in shares of Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock valued at $193,000 after acquiring an additional 4,600 shares in the last quarter. RPG Investment Advisory LLC increased its holdings in Stratasys by 29.6% during the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company's stock worth $5,485,000 after buying an additional 150,891 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Stratasys by 42.2% in the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company's stock valued at $560,000 after acquiring an additional 20,012 shares during the period. Barclays PLC raised its stake in Stratasys by 1.9% in the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company's stock valued at $669,000 after acquiring an additional 1,525 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Stratasys by 510.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company's stock worth $563,000 after purchasing an additional 56,699 shares during the period. 75.77% of the stock is owned by institutional investors.
About Stratasys
(
Get Free Report)
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.
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