Stratasys (NASDAQ:SSYS) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a report released on Saturday morning. The firm issued a buy rating on the technology company’s stock.

A number of other analysts also recently weighed in on the stock. Cantor Fitzgerald reaffirmed an overweight rating and issued a $23.00 target price on shares of Stratasys in a research report on Thursday, May 30th. Needham & Company LLC cut their price objective on shares of Stratasys from $16.00 to $12.00 and set a buy rating on the stock in a research report on Thursday, May 30th.

Stratasys Stock Performance

Shares of SSYS opened at $8.29 on Friday. The firm has a market cap of $577.48 million, a price-to-earnings ratio of -4.53 and a beta of 1.32. Stratasys has a fifty-two week low of $8.02 and a fifty-two week high of $21.72. The firm has a 50 day moving average price of $9.31 and a 200-day moving average price of $11.49.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, meeting analysts’ consensus estimates of ($0.15). Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. The company had revenue of $144.05 million during the quarter, compared to analyst estimates of $147.53 million. As a group, equities research analysts predict that Stratasys will post -0.28 earnings per share for the current year.

Institutional Trading of Stratasys

A number of institutional investors have recently made changes to their positions in the stock. RIA Advisory Group LLC purchased a new position in shares of Stratasys in the fourth quarter worth approximately $33,000. Crewe Advisors LLC bought a new stake in shares of Stratasys during the first quarter valued at approximately $61,000. Larson Financial Group LLC increased its position in Stratasys by 2,711.2% in the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after purchasing an additional 9,218 shares during the last quarter. Aigen Investment Management LP bought a new stake in Stratasys in the third quarter worth $271,000. Finally, Values First Advisors Inc. increased its position in Stratasys by 4.4% in the fourth quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock worth $281,000 after purchasing an additional 828 shares during the last quarter. Hedge funds and other institutional investors 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.