Stratasys (NASDAQ:SSYS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on SSYS. UBS Group upgraded shares of Stratasys from a “neutral” rating to a “positive” rating in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Stratasys from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Friday. Cowen reiterated a “hold” rating and issued a $23.00 price objective on shares of Stratasys in a research report on Sunday, September 17th. Citigroup set a $29.00 price objective on shares of Stratasys and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, B. Riley reiterated a “hold” rating and issued a $30.00 price objective on shares of Stratasys in a research report on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.87.

Shares of Stratasys (NASDAQ:SSYS) traded down $0.03 during midday trading on Friday, hitting $21.11. 481,693 shares of the company’s stock traded hands, compared to its average volume of 562,729. Stratasys has a 52 week low of $17.63 and a 52 week high of $30.88. The company has a quick ratio of 2.82, a current ratio of 3.58 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1,124.69, a price-to-earnings ratio of -24.55, a P/E/G ratio of 3.84 and a beta of 1.41.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. The business had revenue of $155.90 million for the quarter, compared to analyst estimates of $160.97 million. Stratasys’s quarterly revenue was down .8% compared to the same quarter last year. equities research analysts forecast that Stratasys will post 0.17 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its stake in Stratasys by 11.7% in the 2nd 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. Advisor Group Inc. raised its stake in Stratasys by 6.8% in the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock valued at $193,000 after purchasing an additional 528 shares during the last quarter. SG Americas Securities LLC raised its stake in Stratasys by 24.8% in the 2nd quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock valued at $197,000 after purchasing an additional 1,674 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Stratasys in the 2nd quarter valued at about $200,000. Finally, Chicago Equity Partners LLC acquired a new position in Stratasys in the 3rd quarter valued at about $214,000. 70.99% of the stock is owned by hedge funds and other institutional investors.

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About Stratasys

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.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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