Stratasys (NASDAQ:SSYS) Research Coverage Started at StockNews.com

Research analysts at StockNews.com started coverage on shares of Stratasys (NASDAQ:SSYS) in a report released on Sunday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, Needham & Company LLC decreased their price objective on shares of Stratasys from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday.

Stratasys Trading Up 5.4 %

Stratasys stock opened at $10.83 on Friday. The company has a market cap of $740.77 million, a P/E ratio of -6.73 and a beta of 1.45. Stratasys has a 1-year low of $9.95 and a 1-year high of $21.72. The company has a fifty day simple moving average of $11.62 and a 200 day simple moving average of $14.73.

Stratasys (NASDAQ:SSYS) last released its earnings results on Thursday, November 16th. The technology company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $162.13 million during the quarter, compared to the consensus estimate of $161.72 million. Stratasys had a negative net margin of 17.53% and a negative return on equity of 1.96%. On average, equities research analysts forecast that Stratasys will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Stratasys by 8.8% in the 1st quarter. Bank of New York Mellon Corp now owns 15,979 shares of the technology company’s stock worth $406,000 after purchasing an additional 1,298 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Stratasys by 16.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,789 shares of the technology company’s stock worth $350,000 after acquiring an additional 1,970 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Stratasys by 11.7% in the 1st quarter. HighTower Advisors LLC now owns 17,367 shares of the technology company’s stock worth $438,000 after purchasing an additional 1,817 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Stratasys by 88.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 21,250 shares of the technology company’s stock valued at $540,000 after acquiring an additional 10,000 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in Stratasys by 27.3% during the first quarter. Natixis Advisors L.P. now owns 22,836 shares of the technology company’s stock worth $580,000 after buying an additional 4,903 shares during the last quarter. Institutional investors own 72.65% 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 SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.