Stratasys (NASDAQ:SSYS) Earns Buy Rating from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Stratasys (NASDAQ:SSYSGet Free Report) in a research note issued on Monday. The firm set a “buy” rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. Craig Hallum dropped their price objective on shares of Stratasys from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, July 1st. Needham & Company LLC cut their price objective on Stratasys from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of Stratasys in a research note on Thursday, May 30th.

Check Out Our Latest Stock Report on Stratasys

Stratasys Stock Performance

Shares of SSYS stock opened at $8.86 on Monday. Stratasys has a fifty-two week low of $8.02 and a fifty-two week high of $21.72. The company has a market cap of $617.19 million, a PE ratio of -4.84 and a beta of 1.21. The stock’s fifty day moving average price is $9.02 and its two-hundred day moving average price is $11.22.

Stratasys (NASDAQ:SSYSGet Free Report) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.15) earnings per share for the quarter, meeting the consensus estimate of ($0.15). The business had revenue of $144.05 million for the quarter, compared to analyst estimates of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. On average, equities analysts predict that Stratasys will post -0.28 EPS for the current fiscal year.

Institutional Trading of Stratasys

Several large investors have recently modified their holdings of the stock. Rubric Capital Management LP lifted its position in shares of Stratasys by 366.7% during the 4th quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock valued at $60,690,000 after acquiring an additional 3,339,367 shares during the period. Norges Bank bought a new position in shares of Stratasys during the 4th quarter worth about $6,706,000. TSP Capital Management Group LLC grew its stake in shares of Stratasys by 71.2% in the 4th quarter. TSP Capital Management Group LLC now owns 426,400 shares of the technology company’s stock valued at $6,089,000 after buying an additional 177,350 shares during the period. Frontier Capital Management Co. LLC increased its position in Stratasys by 9.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock valued at $24,192,000 after buying an additional 140,841 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in Stratasys by 10.5% during the 4th quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock worth $19,178,000 after buying an additional 127,330 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.

About Stratasys

(Get Free Report)

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.

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