Stratasys Ltd. (NASDAQ:SSYS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Stratasys Ltd. (NASDAQ:SSYS) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.40.

A number of research analysts have recently issued reports on SSYS shares. Craig Hallum upped their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Finally, Needham & Company LLC upped their price target on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th.

Stratasys Stock Up 1.4 %

Shares of SSYS stock opened at $9.13 on Wednesday. The stock has a market cap of $651.68 million, a price-to-earnings ratio of -6.92 and a beta of 1.31. The business’s fifty day moving average is $9.28 and its 200 day moving average is $8.30. Stratasys has a twelve month low of $6.05 and a twelve month high of $14.33.

Stratasys (NASDAQ:SSYS) last released 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. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. During the same period in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. Equities research analysts expect that Stratasys will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stratasys

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock valued at $877,000 after buying an additional 1,500 shares in the last quarter. Barclays PLC lifted its stake in shares of Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after acquiring an additional 1,525 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Stratasys by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after acquiring an additional 2,483 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in Stratasys by 0.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock worth $8,731,000 after purchasing an additional 3,791 shares during the period. Finally, ARK Investment Management LLC increased its holdings in Stratasys by 0.7% during the 3rd quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock worth $5,378,000 after purchasing an additional 4,589 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.