Stratasys Ltd. (NASDAQ:SSYS) Receives Average Recommendation of “Moderate Buy” from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has been given an average rating of “Moderate Buy” by the five analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $10.80.

SSYS has been the topic of a number of analyst reports. Loop Capital cut their price objective on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. StockNews.com initiated coverage on shares of Stratasys in a research report on Monday, September 2nd. They issued a “hold” rating on the stock. Needham & Company LLC cut their price objective on shares of Stratasys from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Lake Street Capital cut their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Cantor Fitzgerald cut their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th.

Institutional Trading of Stratasys

Several institutional investors and hedge funds have recently bought and sold shares of SSYS. New York State Common Retirement Fund lifted its stake in Stratasys by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock valued at $467,000 after acquiring an additional 10,747 shares during the period. Formidable Asset Management LLC lifted its stake in shares of Stratasys by 21.1% in the 4th quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock valued at $303,000 after purchasing an additional 3,705 shares during the period. Norges Bank acquired a new position in shares of Stratasys in the 4th quarter valued at $6,706,000. Millrace Asset Group Inc. lifted its stake in shares of Stratasys by 26.1% in the 4th quarter. Millrace Asset Group Inc. now owns 127,635 shares of the technology company’s stock valued at $1,823,000 after purchasing an additional 26,450 shares during the period. Finally, Olympiad Research LP acquired a new position in shares of Stratasys in the 4th quarter valued at $486,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Stock Performance

NASDAQ SSYS opened at $6.38 on Thursday. The company has a market capitalization of $444.43 million, a price-to-earnings ratio of -3.49 and a beta of 1.18. The company’s 50-day simple moving average is $8.00 and its two-hundred day simple moving average is $9.41. Stratasys has a one year low of $6.05 and a one year high of $14.93.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $138.00 million for the quarter, compared to the consensus estimate of $146.38 million. Stratasys had a negative net margin of 18.98% and a negative return on equity of 3.29%. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. Equities analysts expect that Stratasys will post -0.44 earnings per share for the current fiscal year.

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.