NorthCrest Asset Manangement LLC Sells 6,050 Shares of Stratasys, Ltd. $SSYS

NorthCrest Asset Manangement LLC trimmed its stake in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 32.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,870 shares of the technology company’s stock after selling 6,050 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Stratasys were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new stake in shares of Stratasys in the 1st quarter worth approximately $105,000. OLD Mission Capital LLC bought a new stake in shares of Stratasys in the 1st quarter worth approximately $128,000. Formidable Asset Management LLC grew its position in shares of Stratasys by 4.1% in the 4th quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company’s stock worth $218,000 after buying an additional 965 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Stratasys in the 1st quarter worth approximately $251,000. Finally, Two Sigma Investments LP bought a new stake in shares of Stratasys in the 4th quarter worth approximately $261,000. 75.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SSYS has been the topic of a number of recent analyst reports. Wall Street Zen lowered Stratasys from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Needham & Company LLC cut their price objective on Stratasys from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stratasys presently has a consensus rating of “Buy” and an average target price of $14.33.

Stratasys Stock Performance

NASDAQ:SSYS opened at $10.37 on Tuesday. The stock has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $10.35. Stratasys, Ltd. has a 52-week low of $6.92 and a 52-week high of $12.88. The firm has a market capitalization of $882.38 million, a PE ratio of -7.74 and a beta of 1.62.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $138.09 million during the quarter, compared to analyst estimates of $137.15 million. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Stratasys has set its FY 2025 guidance at EPS. Equities analysts forecast that Stratasys, Ltd. will post -0.4 earnings per share for the current fiscal year.

Stratasys Company Profile

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.