Stratasys (SSYS) Raised to Buy at BidaskClub
Stratasys (NASDAQ:SSYS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
Several other brokerages also recently commented on SSYS. Zacks Investment Research raised shares of Stratasys from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Monday. KeyCorp reissued a “hold” rating on shares of Stratasys in a research report on Friday, October 27th. B. Riley reissued a “neutral” rating and set a $30.00 price objective (down from $33.00) on shares of Stratasys in a research report on Thursday, November 2nd. FBR & Co downgraded shares of Stratasys from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Stratasys in a research report on Friday, October 13th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.94.
Shares of Stratasys (NASDAQ:SSYS) traded up $0.06 during midday trading on Tuesday, hitting $23.30. 1,438,700 shares of the company traded hands, compared to its average volume of 602,311. The company has a current ratio of 3.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. Stratasys has a 12 month low of $18.04 and a 12 month high of $30.88. The stock has a market capitalization of $1,240.00, a P/E ratio of -21.98, a price-to-earnings-growth ratio of 4.23 and a beta of 1.41.
Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Stratasys by 11.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after buying an additional 458 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Stratasys by 33.3% during the 3rd quarter. Penserra Capital Management LLC now owns 4,400 shares of the technology company’s stock valued at $105,000 after buying an additional 1,100 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Stratasys during the 3rd quarter valued at $145,000. Trent Capital Management Inc. NC bought a new stake in shares of Stratasys during the 4th quarter valued at $114,000. Finally, IFP Advisors Inc boosted its holdings in shares of Stratasys by 3.3% during the 1st quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock valued at $143,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 70.99% of the company’s stock.
WARNING: “Stratasys (SSYS) Raised to Buy at BidaskClub” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/16/stratasys-ssys-raised-to-buy-at-bidaskclub.html.
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.
Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.