Stratasys (NASDAQ:SSYS) Shares Down 4.2% – Time to Sell?

Stratasys Ltd. (NASDAQ:SSYS) shares dropped 4.2% during trading on Friday . The company traded as low as $10.28 and last traded at $10.34. Approximately 94,752 shares changed hands during trading, a decline of 82% from the average daily volume of 516,908 shares. The stock had previously closed at $10.79.

Analyst Ratings Changes

Several research analysts recently weighed in on SSYS shares. Loop Capital cut their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC raised their target price on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Lake Street Capital reduced their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Craig Hallum lifted their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Cantor Fitzgerald decreased their price target on Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Stratasys currently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Down 6.6 %

The firm’s 50 day simple moving average is $8.52 and its 200-day simple moving average is $8.22. The company has a market capitalization of $719.51 million, a PE ratio of -7.64 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. During the same period last year, the company posted ($0.05) earnings per share. The firm’s revenue was down 13.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SSYS. Invenomic Capital Management LP purchased a new position in Stratasys in the 3rd quarter valued at about $10,916,000. Clearline Capital LP acquired a new stake in Stratasys in the second quarter valued at $9,301,000. Rubric Capital Management LP grew its holdings in Stratasys by 18.2% during the 2nd quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after acquiring an additional 918,703 shares in the last quarter. RPG Investment Advisory LLC increased its position in shares of Stratasys by 29.6% in the 3rd quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after purchasing an additional 150,891 shares during the last quarter. Finally, RBF Capital LLC acquired a new stake in shares of Stratasys in the 3rd quarter valued at about $1,080,000. 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.