Stratasys (NASDAQ:SSYS) Upgraded at StockNews.com

Stratasys (NASDAQ:SSYS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other research analysts have also weighed in on the company. Loop Capital decreased their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald cut their target price 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 upped their price target on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Lake Street Capital cut their price objective 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. Finally, Needham & Company LLC lifted their price target on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Trading Down 0.2 %

NASDAQ:SSYS opened at $9.36 on Wednesday. The stock has a market capitalization of $668.10 million, a PE ratio of -7.09 and a beta of 1.31. Stratasys has a 1-year low of $6.05 and a 1-year high of $14.81. The firm has a fifty day simple moving average of $8.87 and a 200 day simple moving average of $8.26.

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

Institutional Trading of Stratasys

Large investors have recently modified their holdings of the stock. State Street Corp lifted its position in Stratasys by 1.4% during the third quarter. State Street Corp now owns 105,578 shares of the technology company’s stock worth $877,000 after purchasing an additional 1,500 shares during the period. Barclays PLC lifted its holdings in shares of Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after acquiring an additional 1,525 shares during the period. Tidal Investments LLC lifted its holdings in shares of Stratasys by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after acquiring an additional 2,483 shares during the period. Pinnacle Associates Ltd. increased its stake in Stratasys by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after acquiring an additional 3,791 shares during the last quarter. Finally, ARK Investment Management LLC raised its position in Stratasys by 0.7% during the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after purchasing an additional 4,589 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.