B. Riley FBR, Inc. Lowers Stratasys, Ltd. (SSYS) to Neutral
Stratasys, Ltd. (NASDAQ:SSYS) was downgraded by investment analysts at B. Riley FBR, Inc. from a “buy” rating to a “neutral” rating in a report issued on Wednesday. They presently have a $30.00 price objective on the technology company’s stock, down from their previous price objective of $33.00. B. Riley FBR, Inc.’s price target suggests a potential upside of 33.21% from the company’s current price.
Several other brokerages also recently weighed in on SSYS. Loop Capital assumed coverage on Stratasys in a report on Monday, July 24th. They issued a “hold” rating and a $24.00 price target for the company. BidaskClub downgraded Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Susquehanna Bancshares Inc assumed coverage on Stratasys in a report on Thursday, July 13th. They issued a “neutral” rating and a $22.00 price target for the company. 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. Finally, FBR & Co reissued a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Stratasys presently has a consensus rating of “Hold” and a consensus target price of $24.12.
Shares of Stratasys (NASDAQ SSYS) traded down 5.77% during trading on Wednesday, reaching $21.22. 794,448 shares of the company were exchanged. The firm’s market capitalization is $1.12 billion. The firm’s 50 day moving average is $22.98 and its 200 day moving average is $24.42. Stratasys has a 1-year low of $16.37 and a 1-year high of $30.88.
Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.16. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The company had revenue of $170.00 million for the quarter, compared to analyst estimates of $167.82 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Stratasys will post $0.37 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in SSYS. Ameritas Investment Partners Inc. lifted its holdings in Stratasys by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after acquiring an additional 458 shares during the period. Penserra Capital Management LLC lifted its holdings in Stratasys by 33.3% in the third quarter. Penserra Capital Management LLC now owns 4,400 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,100 shares during the period. Trent Capital Management Inc. NC acquired a new position in Stratasys in the fourth quarter valued at approximately $114,000. IFP Advisors Inc lifted its holdings in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock valued at $143,000 after acquiring an additional 225 shares during the period. Finally, FNY Managed Accounts LLC acquired a new position in Stratasys in the third quarter valued at approximately $145,000. 67.13% of the stock is 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.
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