Stratasys (NASDAQ:SSYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $25.00 target price on the technology company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 7.57% from the company’s current price.

According to Zacks, “Stratasys is one of the leading 3D printing solution providers. The stock has outperformed the broader market in the last one year period. We are positive about Stratasys’ turnaround strategies which include launching innovative products, strategic partnerships and acquisitions. The company’s sustained focus on launching new products and entering into strategic partnerships will drive long-term growth. The initiatives will help Stratasys to gain more market share as the prospect of 3D printing industry appears bright. Notably, data from the MarketsandMarkets report 2017 revealed that the worldwide 3D printing industry is expected to grow at a CAGR of 25.76% through 2017 to 2023.  Nonetheless, we remain concerned about the company’s declining gross margin which has been impacted by the incremental sales generated from the lower-margin products of acquired businesses including MakerBot, Solid Concepts and Harvest Technologies.”

SSYS has been the subject of several other research reports. Susquehanna Bancshares raised Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price target for the company in a report on Friday, October 20th. BidaskClub downgraded Stratasys from a “hold” rating to a “sell” rating in a report on Friday, December 29th. KeyCorp reissued a “hold” rating on shares of Stratasys in a report on Friday, October 27th. Needham & Company LLC reissued a “hold” rating on shares of Stratasys in a report on Friday, October 13th. Finally, Loop Capital dropped their target price on Stratasys from $24.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.94.

Stratasys (SSYS) traded up $0.95 during trading hours on Monday, hitting $23.24. 814,400 shares of the company traded hands, compared to its average volume of 553,122. Stratasys has a twelve month low of $18.04 and a twelve month 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 company has a market capitalization of $1,240.00, a PE ratio of -21.92, a PEG ratio of 4.23 and a beta of 1.41.

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

A number of hedge funds have recently bought and sold shares of SSYS. Dimensional Fund Advisors LP raised its stake in Stratasys by 132.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock valued at $28,645,000 after purchasing an additional 700,246 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Stratasys by 280.2% in the third quarter. Alyeska Investment Group L.P. now owns 855,447 shares of the technology company’s stock valued at $19,778,000 after purchasing an additional 630,447 shares in the last quarter. AXA raised its stake in Stratasys by 38.1% in the third quarter. AXA now owns 1,058,110 shares of the technology company’s stock valued at $24,464,000 after purchasing an additional 292,084 shares in the last quarter. Vident Investment Advisory LLC raised its stake in Stratasys by 71.9% in the third quarter. Vident Investment Advisory LLC now owns 542,814 shares of the technology company’s stock valued at $12,550,000 after purchasing an additional 227,087 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in Stratasys in the second quarter valued at about $5,216,000. 70.99% of the stock is owned by institutional investors and hedge funds.

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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.

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