Stratasys, Ltd. (SSYS) Given Consensus Rating of “Hold” by Analysts
Stratasys, Ltd. (NASDAQ:SSYS) has earned a consensus rating of “Hold” from the twenty-one research firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.83.
A number of equities analysts recently issued reports on SSYS shares. FBR & Co reissued a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, July 12th. BidaskClub lowered Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC lowered Stratasys from a “buy” rating to a “hold” rating and increased their price objective for the stock from $24.00 to $30.00 in a report on Thursday, May 18th. Finally, Needham & Company LLC lowered Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th.
Stratasys (NASDAQ SSYS) traded down 0.89% during mid-day trading on Tuesday, hitting $22.39. The stock had a trading volume of 1,426,552 shares. Stratasys has a 12-month low of $16.37 and a 12-month high of $30.88. The company has a 50-day moving average of $24.50 and a 200-day moving average of $23.25. The stock’s market cap is $1.18 billion.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The business had revenue of $163.20 million during the quarter, compared to analyst estimates of $162.38 million. During the same period in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts anticipate that Stratasys will post $0.28 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. 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 during the period. 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 during the period. First Mercantile Trust Co. bought a new stake in shares of Stratasys during the second quarter worth approximately $184,000. SG Americas Securities LLC increased its stake in shares of Stratasys by 24.8% in the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after buying an additional 1,674 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Stratasys during the second quarter worth approximately $200,000. Institutional investors own 66.46% of the company’s stock.
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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