Analysts Set Stratasys Ltd. (NASDAQ:SSYS) Price Target at $11.40

Stratasys Ltd. (NASDAQ:SSYS) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $11.40.

Several equities analysts have recently issued reports on the company. Craig Hallum lifted their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and issued a $12.00 target price on shares of Stratasys in a research report on Monday. StockNews.com raised shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $12.00 price target on shares of Stratasys in a research note on Monday.

Stratasys Trading Up 2.6 %

Stratasys stock opened at $12.85 on Friday. The company has a market capitalization of $917.21 million, a price-to-earnings ratio of -9.73 and a beta of 1.31. Stratasys has a 12 month low of $6.05 and a 12 month high of $13.98. The stock’s 50 day moving average is $9.59 and its 200-day moving average is $8.43.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. The company 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 business’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share. As a group, equities research analysts predict that Stratasys will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently made changes to their positions in SSYS. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys during the 4th quarter valued at $90,000. ARK Investment Management LLC increased its stake 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 purchasing an additional 56,304 shares in the last quarter. RPG Investment Advisory LLC raised its stake in Stratasys by 64.6% during the 4th quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock worth $9,658,000 after buying an additional 426,341 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Stratasys by 53.1% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock valued at $10,255,000 after acquiring an additional 400,000 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Stratasys by 0.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company’s stock valued at $12,445,000 after acquiring an additional 9,522 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.