Stratasys (NASDAQ:SSYS) Lowered to “Hold” Rating by StockNews.com

Stratasys (NASDAQ:SSYS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other equities analysts have also recently commented on the stock. Lake Street Capital reduced their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Loop Capital cut their price target on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald cut their price target on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Craig Hallum boosted their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC boosted their price target on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Trading Up 5.3 %

Shares of NASDAQ:SSYS opened at $9.90 on Thursday. The company has a 50 day moving average of $8.22 and a 200 day moving average of $8.18. The stock has a market cap of $706.64 million, a P/E ratio of -7.50 and a beta of 1.31. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.93.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. Stratasys’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share. On average, equities analysts forecast that Stratasys will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Institutional investors have recently made changes to their positions in the business. RPG Investment Advisory LLC boosted its stake in shares of Stratasys by 29.6% in the 3rd quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock valued at $5,485,000 after purchasing an additional 150,891 shares in the last quarter. Rubric Capital Management LP raised its holdings in Stratasys by 18.2% during the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock valued at $50,077,000 after buying an additional 918,703 shares during the last quarter. ARK Investment Management LLC raised its holdings in Stratasys by 22.2% during the 2nd quarter. ARK Investment Management LLC now owns 642,632 shares of the technology company’s stock valued at $5,392,000 after buying an additional 116,912 shares during the last quarter. State of Michigan Retirement System raised its holdings in Stratasys by 17.2% during the 2nd quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company’s stock valued at $6,859,000 after buying an additional 120,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Stratasys by 510.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock valued at $563,000 after buying an additional 56,699 shares during the last quarter. Hedge funds and other institutional investors 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.