Stratasys (NASDAQ:SSYS) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Stratasys (NASDAQ:SSYSGet Free Report) in a research report issued on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. Cantor Fitzgerald started coverage on shares of Stratasys in a research report on Tuesday, February 13th. They set an “overweight” rating and a $24.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Stratasys in a research report on Tuesday, December 26th.

Get Our Latest Research Report on Stratasys

Stratasys Stock Performance

SSYS opened at $11.21 on Wednesday. The company’s 50 day simple moving average is $12.50 and its 200 day simple moving average is $12.29. Stratasys has a 1 year low of $9.95 and a 1 year high of $21.72. The stock has a market capitalization of $780.89 million, a PE ratio of -6.26 and a beta of 1.29.

Stratasys (NASDAQ:SSYSGet Free Report) last released its earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The business had revenue of $156.34 million for the quarter, compared to analysts’ expectations of $153.96 million. During the same period last year, the company earned ($0.03) earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Stratasys will post -0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. RIA Advisory Group LLC acquired a new position in shares of Stratasys during the fourth quarter worth $33,000. Captrust Financial Advisors lifted its position in shares of Stratasys by 315.6% during the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock worth $58,000 after purchasing an additional 2,332 shares in the last quarter. CWM LLC lifted its position in shares of Stratasys by 2,633.3% during the third quarter. CWM LLC now owns 3,280 shares of the technology company’s stock worth $45,000 after purchasing an additional 3,160 shares in the last quarter. FMR LLC lifted its position in shares of Stratasys by 12,707.1% during the third quarter. FMR LLC now owns 3,586 shares of the technology company’s stock worth $49,000 after purchasing an additional 3,558 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Stratasys by 560.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,471 shares of the technology company’s stock worth $61,000 after purchasing an additional 3,794 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Company Profile

(Get Free Report)

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.

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