Stratasys (NASDAQ:SSYS) Given New $14.00 Price Target at Craig Hallum

Stratasys (NASDAQ:SSYS) had its price objective cut by Craig Hallum from $16.00 to $14.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Craig Hallum’s target price would indicate a potential upside of 67.87% from the company’s current price.

A number of other analysts have also recently issued reports on SSYS. StockNews.com started coverage on Stratasys in a research report on Sunday. They set a “buy” rating on the stock. Needham & Company LLC lowered their price target on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $23.00 price objective on shares of Stratasys in a report on Thursday, May 30th.

Stratasys Trading Down 0.6 %

NASDAQ:SSYS traded down $0.05 during trading hours on Monday, hitting $8.34. 177,582 shares of the company traded hands, compared to its average volume of 468,131. Stratasys has a twelve month low of $8.02 and a twelve month high of $21.72. The firm has a 50-day moving average of $9.15 and a 200 day moving average of $11.36. The stock has a market capitalization of $580.96 million, a price-to-earnings ratio of -4.54 and a beta of 1.21.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data 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 business had revenue of $144.05 million during the quarter, compared to analyst estimates of $147.53 million. Equities research analysts predict that Stratasys will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Stratasys

Several institutional investors have recently bought and sold shares of SSYS. RIA Advisory Group LLC bought a new position in shares of Stratasys during the fourth quarter valued at $33,000. Crewe Advisors LLC acquired a new stake in shares of Stratasys during the 1st quarter worth about $61,000. Larson Financial Group LLC lifted its holdings 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 valued at $111,000 after purchasing an additional 9,218 shares during the last quarter. Values First Advisors Inc. boosted 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 valued at $281,000 after buying an additional 828 shares in the last quarter. Finally, Formidable Asset Management LLC grew its stake in Stratasys by 21.1% during the fourth 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. Institutional investors and hedge funds own 75.77% of the company’s stock.

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.