Janney Montgomery Scott LLC Has $608,000 Stake in Stratasys, Ltd. $SSYS

Janney Montgomery Scott LLC grew its stake in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,023 shares of the technology company’s stock after purchasing an additional 2,172 shares during the period. Janney Montgomery Scott LLC owned approximately 0.07% of Stratasys worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its holdings in shares of Stratasys by 2.4% during the first quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company’s stock valued at $45,082,000 after purchasing an additional 109,331 shares during the period. Phoenix Financial Ltd. raised its holdings in shares of Stratasys by 0.4% during the first quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company’s stock valued at $35,381,000 after purchasing an additional 12,900 shares during the period. Invenomic Capital Management LP raised its holdings in shares of Stratasys by 111.9% during the first quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company’s stock valued at $24,144,000 after purchasing an additional 1,302,264 shares during the period. RPG Investment Advisory LLC raised its holdings in shares of Stratasys by 102.3% during the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company’s stock valued at $21,517,000 after purchasing an additional 1,111,491 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Stratasys by 84.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company’s stock valued at $20,862,000 after purchasing an additional 977,403 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Stock Performance

Shares of SSYS stock opened at $11.48 on Friday. Stratasys, Ltd. has a 52-week low of $6.92 and a 52-week high of $12.88. The company has a 50-day simple moving average of $10.71 and a two-hundred day simple moving average of $10.51. The company has a market capitalization of $976.83 million, a price-to-earnings ratio of -8.57 and a beta of 1.59.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, Needham & Company LLC decreased their target price on shares of Stratasys from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.33.

Stratasys 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.