Stratasys (SSYS) Raised to Hold at BidaskClub
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.
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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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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