Stratasys (NASDAQ:SSYS) Research Coverage Started at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a research note issued to investors on Sunday. The firm set a “buy” rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 price target on shares of Stratasys in a research report on Thursday, May 30th. Needham & Company LLC reduced their price target on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, May 30th.

Stratasys Stock Performance

Shares of NASDAQ:SSYS opened at $8.39 on Friday. The company has a market capitalization of $584.45 million, a PE ratio of -4.58 and a beta of 1.32. Stratasys has a twelve month low of $8.02 and a twelve month high of $21.72. The firm has a 50 day simple moving average of $9.15 and a 200-day simple moving average of $11.37.

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

Hedge Funds Weigh In On Stratasys

Several institutional investors have recently bought and sold shares of the company. RIA Advisory Group LLC purchased a new position in Stratasys during the 4th quarter worth $33,000. Crewe Advisors LLC purchased a new position in Stratasys during the 1st quarter worth $61,000. Larson Financial Group LLC raised its position in Stratasys by 2,711.2% during the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after buying an additional 9,218 shares during the last quarter. Values First Advisors Inc. raised its position in Stratasys by 4.4% during the 4th quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock worth $281,000 after buying an additional 828 shares during the last quarter. Finally, Formidable Asset Management LLC raised its position in Stratasys by 21.1% during the 4th quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock worth $303,000 after buying an additional 3,705 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.