Stratasys Ltd. (NASDAQ:SSYS) Receives Consensus Rating of “Moderate Buy” from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.40.

A number of analysts recently commented on SSYS shares. Craig Hallum increased their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Finally, Needham & Company LLC boosted their price target on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th.

Stratasys Trading Down 2.9 %

Shares of NASDAQ SSYS opened at $9.19 on Wednesday. The firm has a market capitalization of $655.96 million, a P/E ratio of -6.96 and a beta of 1.31. The firm’s 50-day moving average price is $9.17 and its 200-day moving average price is $8.29. Stratasys has a 1-year low of $6.05 and a 1-year high of $14.33.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business’s revenue was down 13.6% on a year-over-year basis. During the same period last year, the company earned ($0.05) earnings per share. Equities research analysts forecast that Stratasys will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Stratasys

Hedge funds have recently made changes to their positions in the stock. RPG Investment Advisory LLC grew its stake in Stratasys by 6.1% during the second quarter. RPG Investment Advisory LLC now owns 509,105 shares of the technology company’s stock valued at $4,271,000 after acquiring an additional 29,177 shares in the last quarter. Rubric Capital Management LP grew its position in shares of Stratasys by 18.2% during the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock valued at $50,077,000 after purchasing an additional 918,703 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Stratasys by 9.0% in the second quarter. Gabelli Funds LLC now owns 193,037 shares of the technology company’s stock worth $1,620,000 after purchasing an additional 16,000 shares during the period. Clearline Capital LP bought a new stake in Stratasys during the second quarter valued at $9,301,000. Finally, Pinnacle Associates Ltd. grew its position in Stratasys by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock worth $8,731,000 after buying an additional 3,791 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.