Stratasys Ltd. (SSYS) Rating Reiterated by FBR & Co
Stratasys Ltd. (NASDAQ:SSYS)‘s stock had its “outperform” rating reiterated by stock analysts at FBR & Co in a research note issued on Monday. They presently have a $29.00 price target on the stock. FBR & Co’s price target points to a potential upside of 39.49% from the company’s current price.
Other equities research analysts have also issued reports about the company. Brean Capital reaffirmed a “hold” rating on shares of Stratasys in a research report on Monday, August 8th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $23.00 target price on shares of Stratasys in a research report on Saturday. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, June 28th. Vetr raised Stratasys from a “buy” rating to a “strong-buy” rating and set a $28.67 target price for the company in a research report on Monday, October 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $24.00 price target on shares of Stratasys in a research note on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.41.
Stratasys (NASDAQ:SSYS) traded down 1.01% on Monday, reaching $20.58. The company had a trading volume of 485,410 shares. The stock’s 50-day moving average price is $22.53 and its 200-day moving average price is $22.67. The stock’s market capitalization is $1.07 billion. Stratasys has a 12-month low of $14.48 and a 12-month high of $31.35.
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Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. Stratasys had a negative return on equity of 1.31% and a negative net margin of 177.98%. The firm earned $172.10 million during the quarter, compared to analyst estimates of $175.88 million. During the same period last year, the firm posted $0.15 EPS. The business’s revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Stratasys will post $0.32 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Primecap Management Co. CA boosted its position in shares of Stratasys by 22.0% in the first quarter. Primecap Management Co. CA now owns 4,006,200 shares of the company’s stock worth $103,841,000 after buying an additional 721,200 shares in the last quarter. AXA boosted its position in shares of Stratasys by 171.6% in the first quarter. AXA now owns 339,670 shares of the company’s stock worth $8,804,000 after buying an additional 214,621 shares in the last quarter. Commonwealth Equity Services Inc boosted its position in shares of Stratasys by 28.5% in the second quarter. Commonwealth Equity Services Inc now owns 14,873 shares of the company’s stock worth $340,000 after buying an additional 3,303 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Stratasys by 7.3% in the first quarter. Teachers Advisors Inc. now owns 80,190 shares of the company’s stock worth $2,079,000 after buying an additional 5,474 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Stratasys during the second quarter worth $201,000. 63.88% of the stock is currently 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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