Stratasys (NASDAQ:SSYS) Price Target Lowered to $14.00 at Craig Hallum

Stratasys (NASDAQ:SSYS) had its target price cut by analysts at Craig Hallum from $16.00 to $14.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Craig Hallum’s target price indicates a potential upside of 67.87% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price objective on shares of Stratasys in a report on Thursday, May 30th. StockNews.com initiated coverage on shares of Stratasys in a research note on Sunday. They issued a “buy” rating for the company. Finally, Needham & Company LLC dropped their price target on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th.

Stratasys Stock Performance

SSYS stock traded down $0.05 during mid-day trading on Monday, hitting $8.34. The company had a trading volume of 177,582 shares, compared to its average volume of 468,131. The firm has a market cap of $580.96 million, a PE ratio of -4.54 and a beta of 1.21. Stratasys has a 12 month low of $8.02 and a 12 month high of $21.72. The stock’s fifty day moving average price is $9.15 and its two-hundred day moving average price is $11.36.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SSYS. Natixis Advisors L.P. boosted its position in shares of Stratasys by 54.0% in the third quarter. Natixis Advisors L.P. now owns 47,844 shares of the technology company’s stock valued at $651,000 after acquiring an additional 16,774 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Stratasys by 255.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 168,846 shares of the technology company’s stock valued at $2,298,000 after purchasing an additional 121,343 shares during the period. Alps Advisors Inc. increased its holdings in shares of Stratasys by 116.7% in the third quarter. Alps Advisors Inc. now owns 136,265 shares of the technology company’s stock worth $1,855,000 after purchasing an additional 73,392 shares during the period. Rubric Capital Management LP purchased a new stake in shares of Stratasys in the third quarter worth $12,394,000. Finally, Exchange Traded Concepts LLC boosted its stake in Stratasys by 9.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,386,788 shares of the technology company’s stock valued at $19,803,000 after buying an additional 119,922 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

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.