Cowen and Company Analysts Give Stratasys, Ltd. (SSYS) a $27.00 Price Target
Stratasys, Ltd. (NASDAQ:SSYS) has been given a $27.00 target price by equities research analysts at Cowen and Company in a research note issued on Monday. The brokerage presently has a “hold” rating on the technology company’s stock. Cowen and Company’s price objective indicates a potential upside of 19.52% from the company’s current price.
SSYS has been the subject of several other reports. Piper Jaffray Companies upgraded Stratasys from a “neutral” rating to an “overweight” rating and increased their price target for the company from $21.00 to $28.00 in a report on Monday, April 17th. Standpoint Research downgraded Stratasys from a “buy” rating to a “reduce” rating in a report on Monday, April 24th. FBR & Co reiterated a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. Zacks Investment Research downgraded Stratasys from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, BidaskClub downgraded Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Stratasys currently has an average rating of “Hold” and an average target price of $23.68.
Shares of Stratasys (NASDAQ:SSYS) traded down 3.87% during midday trading on Monday, hitting $22.59. The stock had a trading volume of 880,529 shares. The stock has a 50-day moving average price of $24.73 and a 200-day moving average price of $23.24. Stratasys has a 12-month low of $16.37 and a 12-month high of $30.88. The stock’s market cap is $1.19 billion.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The firm had revenue of $163.20 million during the quarter, compared to the consensus estimate of $162.38 million. During the same period in the prior year, the firm earned $0.01 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities analysts forecast that Stratasys will post $0.28 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of the company. Stoneridge Investment Partners LLC increased its position in Stratasys by 7.7% in the first quarter. Stoneridge Investment Partners LLC now owns 27,428 shares of the technology company’s stock worth $562,000 after buying an additional 1,962 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of Stratasys by 26.3% in the first quarter. Tocqueville Asset Management L.P. now owns 133,069 shares of the technology company’s stock worth $2,727,000 after buying an additional 27,680 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Stratasys by 14.3% in the first quarter. Wells Fargo & Company MN now owns 95,498 shares of the technology company’s stock worth $1,957,000 after buying an additional 11,957 shares in the last quarter. IFP Advisors Inc boosted its position 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. Finally, Russell Investments Group Ltd. boosted its position in shares of Stratasys by 28.2% in the first quarter. Russell Investments Group Ltd. now owns 47,446 shares of the technology company’s stock worth $972,000 after buying an additional 10,446 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.
Stratasys Company Profile
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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