Stratasys, Ltd. (SSYS) Receives Consensus Rating of “Hold” from Analysts
Shares of Stratasys, Ltd. (NASDAQ:SSYS) have been assigned a consensus rating of “Hold” from the twenty-three research firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $23.93.
A number of analysts recently weighed in on SSYS shares. UBS AG raised shares of Stratasys from a “neutral” rating to a “positive” rating in a report on Friday. Cowen and Company reissued a “hold” rating and issued a $23.00 price target on shares of Stratasys in a report on Sunday, September 17th. Loop Capital started coverage on shares of Stratasys in a report on Monday, July 24th. They issued a “hold” rating and a $24.00 price target for the company. ValuEngine lowered shares of Stratasys from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Susquehanna Bancshares Inc started coverage on shares of Stratasys in a report on Thursday, July 13th. They issued a “neutral” rating and a $22.00 price target for the company.
Shares of Stratasys (SSYS) traded up 10.79% during trading on Friday, hitting $23.21. The stock had a trading volume of 2,535,605 shares. The stock’s market cap is $1.23 billion. Stratasys has a one year low of $16.37 and a one year high of $30.88. The stock’s 50-day moving average price is $23.04 and its 200 day moving average price is $24.29.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. The business had revenue of $170.00 million during the quarter, compared to analyst estimates of $167.82 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. Stratasys’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. On average, equities analysts forecast that Stratasys will post $0.37 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in SSYS. Ameritas Investment Partners Inc. boosted its position in shares of Stratasys by 11.7% during the second 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 in the last quarter. First Mercantile Trust Co. bought a new position in shares of Stratasys during the second quarter worth $184,000. Advisor Group Inc. boosted its position in shares of Stratasys by 6.8% during the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after purchasing an additional 528 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Stratasys by 24.8% during the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after purchasing an additional 1,674 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Stratasys during the second quarter worth $200,000. 67.04% 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.
Receive News & Ratings for Stratasys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.