Stratasys, Ltd. (SSYS) Rating Reiterated by Cowen and Company
Stratasys, Ltd. (NASDAQ:SSYS)‘s stock had its “hold” rating reaffirmed by research analysts at Cowen and Company in a report released on Sunday. They currently have a $23.00 target price on the technology company’s stock. Cowen and Company’s price objective suggests a potential downside of 4.41% from the company’s previous close.
Several other brokerages also recently weighed in on SSYS. Goldman Sachs Group, Inc. (The) downgraded shares of Stratasys from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research report on Monday, June 26th. Loop Capital assumed coverage on shares of Stratasys in a research report on Monday, July 24th. They issued a “hold” rating and a $24.00 price objective on the stock. BidaskClub downgraded shares of Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc assumed coverage on shares of Stratasys in a research report on Thursday, July 13th. They issued a “neutral” rating and a $22.00 price objective on the stock. Finally, FBR & Co reiterated a “buy” rating on shares of Stratasys in a research report on Wednesday, July 19th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.66.
Stratasys (NASDAQ SSYS) opened at 24.06 on Friday. The stock’s 50 day moving average is $22.75 and its 200-day moving average is $23.70. The firm’s market capitalization is $1.27 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 data on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.16. The firm had revenue of $170.00 million for the quarter, compared to the consensus estimate of $167.82 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. Stratasys’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. On average, equities research analysts expect that Stratasys will post $0.37 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in shares of Stratasys by 11.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after purchasing an additional 458 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of Stratasys in the second quarter worth approximately $184,000. Advisor Group Inc. increased its position in shares of Stratasys by 6.8% in the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after acquiring an additional 528 shares in the last quarter. SG Americas Securities LLC increased its position 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 acquiring an additional 1,674 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Stratasys in the second quarter worth approximately $200,000. 67.04% of the stock is currently owned by institutional investors.
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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