Investors Purchase Large Volume of Call Options on Stratasys (NASDAQ:SSYS)

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) saw unusually large options trading on Friday. Stock traders acquired 3,227 call options on the company. This represents an increase of approximately 155% compared to the average daily volume of 1,267 call options.

Stratasys Trading Up 0.0 %

Shares of NASDAQ SSYS traded up $0.00 during mid-day trading on Tuesday, hitting $9.79. The company had a trading volume of 112,458 shares, compared to its average volume of 578,889. The firm has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $9.28. The company has a market capitalization of $702.39 million, a PE ratio of -7.39 and a beta of 1.28. Stratasys has a one year low of $6.05 and a one year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $150.40 million during the quarter, compared to the consensus estimate of $151.01 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The company's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. Sell-side analysts expect that Stratasys will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SSYS shares. Needham & Company LLC upped their target price on shares of Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Cantor Fitzgerald lifted their target price on Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.20.

Hedge Funds Weigh In On Stratasys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in Stratasys in the 4th quarter valued at $68,000. Teton Advisors Inc. bought a new stake in shares of Stratasys during the 4th quarter valued at approximately $89,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys during the fourth quarter worth $90,000. Quantbot Technologies LP acquired a new position in Stratasys in the 3rd quarter worth about $90,000. Finally, Hsbc Holdings PLC increased its stake in shares of Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after buying an additional 1,564 shares during the period. 75.77% of the stock is owned by institutional investors.

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.