Stratasys’ (SSYS) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Stratasys (NASDAQ:SSYS) in a research report report published on Monday morning,Benzinga reports. They currently have a $12.00 price objective on the technology company’s stock.

Other equities analysts have also issued reports about the stock. StockNews.com upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Stratasys in a research report on Monday. Finally, Craig Hallum boosted their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Up 0.6 %

SSYS stock opened at $12.52 on Monday. The stock has a market capitalization of $893.68 million, a P/E ratio of -9.48 and a beta of 1.31. The firm has a 50-day simple moving average of $9.53 and a 200-day simple moving average of $8.40. Stratasys has a 52 week low of $6.05 and a 52 week high of $13.98.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Stratasys during the 3rd quarter worth $90,000. Stifel Financial Corp grew its position in Stratasys by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after purchasing an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Stratasys during the 3rd quarter worth $210,000. Verition Fund Management LLC purchased a new position in Stratasys during the 3rd quarter worth $322,000. Finally, Tidal Investments LLC boosted its holdings in shares of Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after acquiring an additional 2,483 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

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.