Stratasys' (SSYS) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Stratasys (NASDAQ:SSYS - Free Report) in a research report released on Monday morning,Benzinga reports. Cantor Fitzgerald currently has a $12.00 target price on the technology company's stock.

Several other research firms also recently commented on SSYS. Needham & Company LLC reiterated a "buy" rating and issued a $12.00 target price on shares of Stratasys in a research report on Monday. Craig Hallum boosted their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, StockNews.com raised shares of Stratasys from a "hold" rating to a "buy" rating in a research note 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. Based on data from MarketBeat, Stratasys presently has an average rating of "Moderate Buy" and an average target price of $11.40.

Stratasys Stock Performance

Shares of NASDAQ SSYS traded up $0.33 during mid-day trading on Monday, reaching $12.85. The company had a trading volume of 819,718 shares, compared to its average volume of 750,345. The firm has a market cap of $917.21 million, a price-to-earnings ratio of -9.73 and a beta of 1.31. The business's 50-day simple moving average is $9.59 and its 200 day simple moving average is $8.43. Stratasys has a one year low of $6.05 and a one year high of $13.98.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. The company had revenue of $140.00 million during the quarter, compared to analysts' expectations of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. Stratasys's revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, sell-side analysts anticipate that Stratasys will post -0.4 EPS for the current year.

Institutional Trading of Stratasys

A number of institutional investors have recently bought and sold shares of SSYS. Stifel Financial Corp boosted its position in shares of Stratasys by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company's stock valued at $193,000 after purchasing an additional 4,600 shares in the last quarter. RPG Investment Advisory LLC lifted its stake in Stratasys by 29.6% in the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company's stock valued at $5,485,000 after buying an additional 150,891 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 20,012 shares in the last quarter. Barclays PLC grew its position 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 buying an additional 1,525 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Stratasys by 510.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company's stock valued at $563,000 after acquiring an additional 56,699 shares in the last quarter. 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.