Stratasys (NASDAQ:SSYS) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Stratasys (NASDAQ:SSYS) in a report published on Sunday morning. The firm issued a buy rating on the technology company’s stock.

SSYS has been the topic of several other research reports. Cantor Fitzgerald reiterated an overweight rating and set a $23.00 price objective on shares of Stratasys in a report on Thursday, May 30th. Needham & Company LLC cut their price target on Stratasys from $16.00 to $12.00 and set a buy rating on the stock in a report on Thursday, May 30th.

Stratasys Price Performance

Shares of Stratasys stock opened at $8.39 on Friday. The stock’s 50-day moving average is $9.15 and its 200 day moving average is $11.36. Stratasys has a one year low of $8.02 and a one year high of $21.72. The firm has a market cap of $584.41 million, a price-to-earnings ratio of -4.58 and a beta of 1.32.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.15). The firm had revenue of $144.05 million for the quarter, compared to analysts’ expectations of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. On average, sell-side analysts expect that Stratasys will post -0.28 EPS for the current fiscal year.

Institutional Trading of Stratasys

A number of hedge funds and other institutional investors have recently bought and sold shares of SSYS. RIA Advisory Group LLC bought a new stake in Stratasys during the 4th quarter valued at $33,000. Crewe Advisors LLC purchased a new position in Stratasys during the 1st quarter worth $61,000. Larson Financial Group LLC boosted its holdings in Stratasys by 2,711.2% during the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after acquiring an additional 9,218 shares during the last quarter. Values First Advisors Inc. boosted its holdings in Stratasys by 4.4% during the 4th quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock worth $281,000 after acquiring an additional 828 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its holdings in Stratasys by 21.1% during the 4th quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock worth $303,000 after acquiring an additional 3,705 shares during the last quarter. Institutional investors 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.