Stratasys (NASDAQ:SSYS) Stock Rating Reaffirmed by William Blair

Stratasys (NASDAQ:SSYSGet Rating)‘s stock had its “underperform” rating reaffirmed by William Blair in a research report issued on Tuesday, Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. TheStreet raised Stratasys from a “d+” rating to a “c-” rating in a research note on Wednesday, March 30th. JPMorgan Chase & Co. upgraded Stratasys from an “underweight” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $23.00 in a research report on Tuesday. StockNews.com started coverage on shares of Stratasys in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Craig Hallum lowered their price target on shares of Stratasys from $46.00 to $40.00 in a report on Thursday, February 24th. Finally, Lake Street Capital cut their price target on shares of Stratasys from $40.00 to $29.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.40.

SSYS stock opened at $18.86 on Tuesday. The company has a market capitalization of $1.07 billion, a PE ratio of -19.24 and a beta of 1.34. Stratasys has a one year low of $15.86 and a one year high of $42.83. The company’s 50 day moving average price is $21.89 and its two-hundred day moving average price is $24.47.

Stratasys (NASDAQ:SSYSGet Rating) last issued its earnings results on Wednesday, February 23rd. The technology company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $167.02 million for the quarter, compared to analysts’ expectations of $165.03 million. Stratasys had a negative net margin of 10.21% and a negative return on equity of 3.17%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. As a group, equities analysts forecast that Stratasys will post -0.33 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Portolan Capital Management LLC boosted its holdings in Stratasys by 29.3% in the first quarter. Portolan Capital Management LLC now owns 1,061,067 shares of the technology company’s stock valued at $26,940,000 after acquiring an additional 240,638 shares in the last quarter. G2 Investment Partners Management LLC boosted its stake in shares of Stratasys by 1,509.0% during the 1st quarter. G2 Investment Partners Management LLC now owns 482,688 shares of the technology company’s stock valued at $12,255,000 after purchasing an additional 452,688 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Stratasys during the first quarter valued at about $10,325,000. State Street Corp increased its position in shares of Stratasys by 4.8% during the first quarter. State Street Corp now owns 281,375 shares of the technology company’s stock valued at $7,144,000 after buying an additional 12,862 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its stake in Stratasys by 2.8% in the first quarter. Disciplined Growth Investors Inc. MN now owns 64,420 shares of the technology company’s stock worth $1,636,000 after buying an additional 1,752 shares in the last quarter. 83.86% of the stock is owned by institutional investors.

About Stratasys (Get Rating)

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication.

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