Stratasys (NASDAQ:SSYS) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Stratasys (NASDAQ:SSYS) in a report issued on Monday morning. The firm issued a hold rating on the technology company’s stock.

A number of other analysts also recently issued reports on SSYS. Cantor Fitzgerald dropped their price objective on shares of Stratasys from $23.00 to $12.00 and set an overweight rating for the company in a report on Friday. Needham & Company LLC cut their target price on shares of Stratasys from $12.00 to $10.00 and set a buy rating on the stock in a report on Friday. Lake Street Capital dropped their target price on shares of Stratasys from $15.00 to $11.00 and set a buy rating for the company in a research report on Friday. Finally, Craig Hallum lowered their target price on Stratasys from $16.00 to $14.00 and set a buy rating for the company in a research note on Monday, July 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $11.75.

Stratasys Stock Down 0.7 %

Shares of NASDAQ SSYS opened at $6.87 on Monday. The company has a market capitalization of $478.54 million, a PE ratio of -3.75 and a beta of 1.21. Stratasys has a twelve month low of $6.05 and a twelve month high of $15.03. The stock’s 50 day moving average price is $8.20 and its 200-day moving average price is $9.69.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.27% and a negative net margin of 18.98%. The firm had revenue of $138.00 million for the quarter, compared to the consensus estimate of $146.38 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. The business’s quarterly revenue was down 13.6% on a year-over-year basis. As a group, research analysts expect that Stratasys will post -0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rubric Capital Management LP lifted its stake in shares of Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after buying an additional 918,703 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in Stratasys by 9.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock valued at $24,192,000 after purchasing an additional 140,841 shares during the period. Douglas Lane & Associates LLC lifted its position in Stratasys by 0.3% during the first quarter. Douglas Lane & Associates LLC now owns 1,346,730 shares of the technology company’s stock valued at $15,649,000 after purchasing an additional 3,712 shares during the period. Clearline Capital LP purchased a new stake in Stratasys in the second quarter worth approximately $9,301,000. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Stratasys by 0.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,055,630 shares of the technology company’s stock worth $12,266,000 after buying an additional 4,991 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.