Stratasys Ltd. (NASDAQ:SSYS) Short Interest Down 23.6% in February

Stratasys Ltd. (NASDAQ:SSYS) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 599,200 shares, a decline of 23.6% from the February 13th total of 784,300 shares. Based on an average daily volume of 671,200 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SSYS shares. Cantor Fitzgerald upped their price target on Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Needham & Company LLC boosted their price objective on Stratasys from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stratasys presently has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Stratasys Stock Down 0.5 %

Stratasys stock traded down $0.06 during trading hours on Tuesday, hitting $10.18. The stock had a trading volume of 155,799 shares, compared to its average volume of 569,898. The company has a 50-day moving average of $10.35 and a two-hundred day moving average of $9.02. The company has a market cap of $729.71 million, a PE ratio of -7.71 and a beta of 1.28. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $12.88.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $150.40 million during the quarter, compared to analysts’ expectations of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 EPS. As a group, analysts forecast that Stratasys will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Stratasys

A number of hedge funds have recently modified their holdings of the stock. Rubric Capital Management LP raised its holdings in shares of Stratasys by 3.7% in the 3rd quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company’s stock worth $51,447,000 after buying an additional 222,297 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Stratasys by 0.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company’s stock worth $12,445,000 after buying an additional 9,522 shares in the last quarter. Clearline Capital LP raised its holdings in shares of Stratasys by 23.3% in the 3rd quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company’s stock worth $11,362,000 after buying an additional 258,603 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of Stratasys in the 3rd quarter worth approximately $10,916,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Stratasys by 53.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock worth $10,255,000 after buying an additional 400,000 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.