Stratasys (NASDAQ:SSYS) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a research report released on Wednesday morning.

Other equities analysts have also issued research reports about the company. Craig Hallum raised their price objective on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $12.00 price target on shares of Stratasys in a research note on Monday, February 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of Stratasys in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Price Performance

Stratasys stock opened at $10.74 on Wednesday. The stock’s fifty day moving average price is $10.12 and its two-hundred day moving average price is $8.79. Stratasys has a one year low of $6.05 and a one year high of $13.12. The firm has a market cap of $766.60 million, a PE ratio of -8.14 and a beta of 1.31.

Hedge Funds Weigh In On Stratasys

Several hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in Stratasys during the 4th quarter worth $68,000. Teton Advisors Inc. bought a new stake in Stratasys during the 4th quarter worth $89,000. Quantbot Technologies LP bought a new stake in Stratasys during the 3rd quarter worth $90,000. SBI Securities Co. Ltd. bought a new stake in Stratasys during the 4th quarter worth $90,000. Finally, Hsbc Holdings PLC grew its position in Stratasys by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock worth $148,000 after acquiring an additional 1,564 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

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.