StockNews.com Upgrades Stratasys (NASDAQ:SSYS) to “Buy”

Stratasys (NASDAQ:SSYS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Several other research firms also recently commented on SSYS. Craig Hallum raised their target price on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Loop Capital reduced their price target on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Lake Street Capital dropped their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 30th. Cantor Fitzgerald cut their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, Needham & Company LLC raised their price target on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Stratasys has an average rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Price Performance

SSYS opened at $9.36 on Wednesday. The company has a market capitalization of $668.10 million, a P/E ratio of -7.09 and a beta of 1.31. The firm’s fifty day moving average price is $8.87 and its two-hundred day moving average price is $8.26. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $14.81.

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

Hedge Funds Weigh In On Stratasys

Several hedge funds have recently added to or reduced their stakes in the stock. Invenomic Capital Management LP bought a new stake in Stratasys in the 3rd quarter valued at $10,916,000. Clearline Capital LP bought a new stake in shares of Stratasys in the second quarter valued at about $9,301,000. Rubric Capital Management LP boosted its position in shares of Stratasys by 18.2% during the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after buying an additional 918,703 shares during the period. RPG Investment Advisory LLC grew its holdings in shares of Stratasys by 29.6% during the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after buying an additional 150,891 shares in the last quarter. Finally, RBF Capital LLC acquired a new stake in Stratasys in the 3rd quarter valued at approximately $1,080,000. Institutional investors and hedge funds 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.