Stratasys (NASDAQ:SSYS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
SSYS has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Stratasys from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, November 17th. BidaskClub upgraded shares of Stratasys from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Susquehanna Bancshares upgraded shares of Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price for the company in a research note on Friday, October 20th. UBS Group upgraded shares of Stratasys from a “neutral” rating to a “positive” rating in a research note on Friday, October 20th. Finally, B. Riley cut shares of Stratasys from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $30.00 in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Stratasys presently has a consensus rating of “Hold” and an average price target of $24.94.
Shares of Stratasys (NASDAQ SSYS) traded down $1.15 on Friday, reaching $20.21. 627,601 shares of the company were exchanged, compared to its average volume of 614,871. Stratasys has a 52-week low of $18.04 and a 52-week high of $30.88. The stock has a market capitalization of $1,080.00, a P/E ratio of -19.07, a PEG ratio of 3.67 and a beta of 1.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.58 and a quick ratio of 2.82.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its stake in shares of Stratasys by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after buying an additional 458 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Stratasys by 6.8% in the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after buying an additional 528 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Stratasys in the third quarter worth $214,000. Nomura Holdings Inc. acquired a new stake in shares of Stratasys in the second quarter worth $227,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Stratasys in the third quarter worth $245,000. Institutional investors and hedge funds own 71.02% of the company’s stock.
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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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