Stratasys, Ltd. (SSYS) Given Average Rating of “Hold” by Brokerages
Shares of Stratasys, Ltd. (NASDAQ:SSYS) have been assigned an average rating of “Hold” from the eighteen analysts that are presently covering the firm. Five analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.46.
A number of research analysts recently weighed in on the stock. Jefferies Group LLC lowered shares of Stratasys from a “buy” rating to a “hold” rating and raised their price target for the company from $24.00 to $30.00 in a research note on Thursday, May 18th. Bank of America Corp reaffirmed an “underperform” rating and issued a $20.00 price target (up from $17.00) on shares of Stratasys in a research note on Wednesday, May 17th. Cowen and Company reaffirmed a “market perform” rating and issued a $27.00 price target (up from $18.00) on shares of Stratasys in a research note on Wednesday, May 17th. Needham & Company LLC lowered shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $33.00 price target (up from $24.00) on shares of Stratasys in a research note on Wednesday, May 17th.
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Several hedge funds have recently made changes to their positions in the company. Trent Capital Management Inc. NC purchased a new stake in shares of Stratasys during the fourth quarter worth about $114,000. IFP Advisors Inc increased its stake in shares of Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock worth $143,000 after buying an additional 225 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock worth $153,000 after buying an additional 3,204 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Stratasys by 0.7% in the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock worth $254,000 after buying an additional 77 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Stratasys during the fourth quarter worth about $289,000. Institutional investors and hedge funds own 59.25% of the company’s stock.
Shares of Stratasys (NASDAQ:SSYS) traded down 1.47% during midday trading on Tuesday, reaching $28.24. The company’s stock had a trading volume of 883,957 shares. The company has a 50 day moving average price of $24.92 and a 200-day moving average price of $20.79. The stock’s market capitalization is $1.49 billion. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.88.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $163.20 million for the quarter, compared to analyst estimates of $162.38 million. Stratasys had a negative net margin of 43.97% and a negative return on equity of 1.54%. Stratasys’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS. On average, equities research analysts expect that Stratasys will post $0.28 EPS for the current year.
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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