Stratasys (NASDAQ:SSYS) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Stratasys (NASDAQ:SSYS) in a research note released on Monday,Benzinga reports. They currently have a $12.00 price target on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and set a $12.00 price objective on shares of Stratasys in a research note on Monday. Craig Hallum upped their price target on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Stratasys has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Price Performance

SSYS opened at $11.31 on Monday. The company’s 50 day simple moving average is $9.44 and its 200 day simple moving average is $8.36. Stratasys has a 1 year low of $6.05 and a 1 year high of $13.98.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data 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 business had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. As a group, sell-side analysts anticipate that Stratasys will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Stratasys in the 3rd quarter valued at about $90,000. Stifel Financial Corp lifted its stake in Stratasys by 24.7% during the third 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 during the last quarter. Point72 Asset Management L.P. acquired a new stake in Stratasys during the third quarter valued at approximately $210,000. Verition Fund Management LLC bought a new stake in Stratasys during the third quarter worth approximately $322,000. Finally, Tidal Investments LLC grew its position in Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after buying an additional 2,483 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.