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

Shares of Stratasys Ltd. (NASDAQ:SSYS) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.40.

A number of analysts recently issued reports on the stock. 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, August 30th. StockNews.com assumed coverage on shares of Stratasys in a report on Monday, September 2nd. They set a “hold” rating on the stock. Needham & Company LLC increased their price target on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Loop Capital reduced their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Finally, Craig Hallum upped their target price on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th.

Stratasys Stock Performance

Shares of SSYS stock opened at $9.44 on Tuesday. The firm has a market capitalization of $673.83 million, a price-to-earnings ratio of -7.15 and a beta of 1.21. Stratasys has a one year low of $6.05 and a one year high of $14.93. The company has a 50 day moving average price of $7.88 and a 200 day moving average price of $8.19.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The business had revenue of $140.00 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. As a group, equities analysts forecast that Stratasys will post -0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Stratasys

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rubric Capital Management LP lifted its stake in shares of Stratasys by 3.7% in the third quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company’s stock worth $51,447,000 after acquiring an additional 222,297 shares in the last quarter. Clearline Capital LP raised its position in shares of Stratasys by 23.3% in the 3rd quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company’s stock valued at $11,362,000 after purchasing an additional 258,603 shares in the last quarter. Invenomic Capital Management LP purchased a new position in shares of Stratasys during the 3rd quarter valued at approximately $10,916,000. Pinnacle Associates Ltd. grew its position in shares of Stratasys by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock worth $8,731,000 after buying an additional 3,791 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in shares of Stratasys by 17.2% during the second quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company’s stock worth $6,859,000 after buying an additional 120,000 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

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.