Stratasys Ltd. (NASDAQ:SSYS) Receives Consensus Recommendation of “Hold” from Brokerages
Stratasys Ltd. (NASDAQ:SSYS) has received a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.22.
Several equities analysts have recently weighed in on SSYS shares. Piper Jaffray Cos. lowered shares of Stratasys from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $24.00 in a report on Monday, July 18th. Needham & Company LLC reiterated a “buy” rating and set a $26.00 price objective on shares of Stratasys in a report on Thursday, June 9th. Zacks Investment Research lowered shares of Stratasys from a “strong-buy” rating to a “hold” rating in a report on Monday, August 1st. Brean Capital reiterated a “hold” rating on shares of Stratasys in a report on Monday, August 8th. Finally, Pacific Crest reiterated an “equal weight” rating on shares of Stratasys in a report on Sunday, June 5th.
Stratasys (NASDAQ:SSYS) traded up 0.205% during trading on Tuesday, reaching $22.045. The company had a trading volume of 407,848 shares. The company’s market capitalization is $1.15 billion. Stratasys has a one year low of $14.48 and a one year high of $32.52. The company has a 50-day moving average price of $21.58 and a 200 day moving average price of $22.86.
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Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. The firm had revenue of $172.10 million for the quarter, compared to analyst estimates of $175.88 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. Analysts expect that Stratasys will post $0.32 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its position in Stratasys by 22.0% in the first quarter. Primecap Management Co. CA now owns 4,006,200 shares of the company’s stock valued at $103,841,000 after buying an additional 721,200 shares during the period. Fisher Asset Management LLC increased its position in Stratasys by 3.5% in the second quarter. Fisher Asset Management LLC now owns 3,111,734 shares of the company’s stock valued at $70,138,000 after buying an additional 105,971 shares during the period. Douglas Lane & Associates LLC acquired a new position in Stratasys during the first quarter valued at approximately $30,334,000. UBS Oconnor LLC acquired a new position in Stratasys during the second quarter valued at approximately $12,856,000. Finally, AXA increased its position in Stratasys by 11.9% in the second quarter. AXA now owns 380,000 shares of the company’s stock valued at $8,698,000 after buying an additional 40,330 shares during the period. 63.58% of the stock is owned by institutional investors.
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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