Stratasys (NASDAQ:SSYS) Cut to Hold at StockNews.com

StockNews.com lowered shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a research note published on Wednesday morning.

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 price target on shares of Stratasys in a research report on Monday, February 3rd. Craig Hallum lifted their price target on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $12.00 price target on shares of Stratasys in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Stock Performance

Shares of SSYS opened at $10.57 on Wednesday. The firm has a market cap of $754.47 million, a PE ratio of -8.01 and a beta of 1.31. The firm’s 50 day moving average price is $10.16 and its 200 day moving average price is $8.82. Stratasys has a twelve month low of $6.05 and a twelve month high of $12.88.

Institutional Investors Weigh In On Stratasys

Several hedge funds and other institutional investors have recently modified their holdings of SSYS. Invenomic Capital Management LP acquired a new stake in shares of Stratasys in the third quarter worth $10,916,000. Penn Capital Management Company LLC acquired a new stake in shares of Stratasys in the fourth quarter worth $5,376,000. RPG Investment Advisory LLC grew its stake in shares of Stratasys by 64.6% in the fourth quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock worth $9,658,000 after acquiring an additional 426,341 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Stratasys by 53.1% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock worth $10,255,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Formula Growth Ltd. grew its stake in shares of Stratasys by 58.3% in the fourth quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company’s stock worth $6,756,000 after acquiring an additional 280,000 shares during the last quarter. Institutional investors and hedge funds 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.