Stratasys’ (SSYS) Neutral Rating Reiterated at B. Riley
Stratasys, Ltd. (NASDAQ:SSYS)‘s stock had its “neutral” rating reaffirmed by stock analysts at B. Riley in a report issued on Thursday. They currently have a $30.00 price target on the technology company’s stock, down from their previous price target of $33.00. B. Riley’s price objective would suggest a potential upside of 33.21% from the stock’s previous close.
Several other research analysts have also commented on SSYS. KeyCorp reaffirmed a “hold” rating on shares of Stratasys in a research report on Friday, October 27th. Cowen and Company reaffirmed a “market perform” rating and set a $23.00 price target (down previously from $27.00) on shares of Stratasys in a research report on Thursday, August 10th. Zacks Investment Research lowered Stratasys from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub lowered Stratasys from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and cut their price target for the stock from $32.00 to $29.00 in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.43.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. The company had revenue of $170.00 million during the quarter, compared to analysts’ expectations of $167.82 million. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. Stratasys’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS.
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A number of institutional investors and hedge funds have recently modified their holdings of SSYS. Ameritas Investment Partners Inc. boosted 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 purchasing an additional 458 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Stratasys by 33.3% during the 3rd quarter. Penserra Capital Management LLC now owns 4,400 shares of the technology company’s stock worth $105,000 after buying an additional 1,100 shares during the last quarter. Trent Capital Management Inc. NC bought a new position in Stratasys during the 4th quarter worth approximately $114,000. IFP Advisors Inc lifted its holdings in Stratasys by 3.3% during the 1st 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 last quarter. Finally, FNY Managed Accounts LLC bought a new position in Stratasys during the 3rd quarter worth approximately $145,000. 67.13% of the stock is owned by hedge funds and other 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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