Stratasys Ltd. (NASDAQ:SSYS) Receives Average Rating of “Moderate Buy” from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.40.

A number of analysts recently issued reports on SSYS shares. Needham & Company LLC increased their target price on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Cantor Fitzgerald lowered their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Craig Hallum boosted their price objective 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. StockNews.com began coverage on shares of Stratasys in a research note on Monday, September 2nd. They issued a “hold” rating for the company. Finally, Loop Capital cut their price target on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th.

Stratasys Stock Down 1.4 %

Shares of NASDAQ SSYS opened at $9.13 on Tuesday. Stratasys has a twelve month low of $6.05 and a twelve month high of $14.93. The stock has a market cap of $651.68 million, a price-to-earnings ratio of -6.92 and a beta of 1.21. The company’s fifty day moving average is $7.62 and its 200-day moving average is $8.18.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. During the same period in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. On average, research analysts anticipate that Stratasys will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invenomic Capital Management LP acquired a new stake in shares of Stratasys in the third quarter valued at about $10,916,000. Clearline Capital LP bought a new position in Stratasys in the second quarter valued at approximately $9,301,000. Rubric Capital Management LP increased its position in shares of Stratasys by 18.2% during the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after purchasing an additional 918,703 shares during the last quarter. RPG Investment Advisory LLC raised its stake in shares of Stratasys by 29.6% during the 3rd quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after purchasing an additional 150,891 shares in the last quarter. Finally, RBF Capital LLC acquired a new stake in shares of Stratasys in the 3rd quarter valued at approximately $1,080,000. 75.77% of the stock is owned by institutional investors.

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.