Brokerages Set Stratasys Ltd. (NASDAQ:SSYS) Target Price at $11.40

Stratasys Ltd. (NASDAQ:SSYS) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.40.

SSYS has been the topic of a number of analyst reports. Needham & Company LLC raised their price target on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Lake Street Capital cut their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Craig Hallum raised their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Loop Capital dropped their target price 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.

Stratasys Stock Down 3.3 %

Shares of SSYS opened at $9.66 on Friday. The company has a market cap of $689.51 million, a P/E ratio of -7.32 and a beta of 1.31. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $14.93. The firm’s 50 day moving average price is $8.66 and its 200 day moving average price is $8.24.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The business had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. Research analysts forecast that Stratasys will post -0.4 earnings per share for the current year.

Institutional Trading of Stratasys

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in Stratasys during the 3rd quarter worth approximately $90,000. Stifel Financial Corp grew its holdings in Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after acquiring an additional 4,600 shares during the period. Point72 Asset Management L.P. purchased a new position in Stratasys in the third quarter worth $210,000. Values First Advisors Inc. boosted its position in shares of Stratasys by 51.3% during the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after purchasing an additional 11,254 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Stratasys during the 3rd quarter worth $322,000. 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.