Stratasys (NASDAQ:SSYS) Stock Passes Above 200 Day Moving Average – What’s Next?

Stratasys, Ltd. (NASDAQ:SSYS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.09 and traded as high as $10.85. Stratasys shares last traded at $10.76, with a volume of 363,439 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SSYS shares. Wall Street Zen upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Cantor Fitzgerald raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC increased their price objective on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Stratasys Stock Up 0.5%

The company’s 50 day moving average price is $10.27 and its 200 day moving average price is $10.09. The firm has a market capitalization of $771.71 million, a price-to-earnings ratio of -7.17 and a beta of 1.52.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. The business had revenue of $136.05 million during the quarter, compared to the consensus estimate of $134.11 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, analysts expect that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SSYS. ARK Investment Management LLC increased its holdings in Stratasys by 8.7% in the fourth quarter. ARK Investment Management LLC now owns 703,525 shares of the technology company’s stock valued at $6,254,000 after buying an additional 56,304 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Stratasys in the fourth quarter valued at $90,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Stratasys by 401.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company’s stock valued at $3,023,000 after buying an additional 272,198 shares in the last quarter. Royce & Associates LP purchased a new position in Stratasys in the fourth quarter valued at $1,467,000. Finally, Virtu Financial LLC purchased a new position in Stratasys in the fourth quarter valued at $379,000. 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.