Stratasys Sees Unusually High Options Volume (NASDAQ:SSYS)

Stratasys Ltd. (NASDAQ:SSYS) was the target of unusually large options trading activity on Friday. Traders acquired 3,227 call options on the company. This is an increase of 155% compared to the typical daily volume of 1,267 call options.

Stratasys Stock Down 1.7 %

Shares of NASDAQ:SSYS opened at $10.11 on Friday. The company has a market cap of $725.05 million, a P/E ratio of -7.66 and a beta of 1.28. The business has a fifty day simple moving average of $10.58 and a 200-day simple moving average of $9.22. Stratasys has a 52 week low of $6.05 and a 52 week high of $12.88.

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

Institutional Trading of Stratasys

Several institutional investors have recently made changes to their positions in SSYS. Formidable Asset Management LLC grew its position in Stratasys by 4.1% during the fourth quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company’s stock valued at $218,000 after acquiring an additional 965 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Stratasys by 782.2% during the 4th quarter. Squarepoint Ops LLC now owns 103,209 shares of the technology company’s stock worth $918,000 after purchasing an additional 91,510 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Stratasys in the fourth quarter worth $261,000. Point72 Asset Management L.P. increased its position in shares of Stratasys by 12.1% in the fourth quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company’s stock worth $252,000 after acquiring an additional 3,071 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Stratasys by 8.4% in the 4th quarter. Millennium Management LLC now owns 90,715 shares of the technology company’s stock valued at $806,000 after acquiring an additional 7,066 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SSYS. Needham & Company LLC increased their price target on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 6th. StockNews.com cut shares of Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Cantor Fitzgerald boosted 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

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.