Stratasys (NASDAQ:SSYS) Earns “Buy” Rating from Needham & Company LLC

Stratasys (NASDAQ:SSYS)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research note issued on Monday,Benzinga reports. They presently have a $12.00 price target on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential downside of 3.61% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Craig Hallum increased their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Price Performance

Stratasys stock opened at $12.45 on Monday. The company has a market cap of $888.68 million, a P/E ratio of -9.43 and a beta of 1.31. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $13.98. The firm’s 50 day simple moving average is $9.47 and its 200-day simple moving average is $8.37.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The firm had revenue of $140.00 million for 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 company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS. On average, analysts expect that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Trading of Stratasys

A number of institutional investors have recently bought and sold shares of SSYS. State Street Corp raised its stake in shares of Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock worth $877,000 after purchasing an additional 1,500 shares in the last quarter. Barclays PLC increased its holdings in Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after buying an additional 1,525 shares during the last quarter. Tidal Investments LLC raised its position in Stratasys by 4.6% during the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after acquiring an additional 2,483 shares in the last quarter. Pinnacle Associates Ltd. raised 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 valued at $8,731,000 after acquiring an additional 3,791 shares in the last quarter. Finally, ARK Investment Management LLC lifted its stake in Stratasys by 0.7% in the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after acquiring an additional 4,589 shares during the last quarter. Institutional investors and hedge funds 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.