Analysts Set Stratasys Ltd. (NASDAQ:SSYS) PT at $12.20

Shares of Stratasys Ltd. (NASDAQ:SSYS) have been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.20.

SSYS has been the subject of a number of recent research reports. Needham & Company LLC lifted their price objective on Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Cantor Fitzgerald lifted their price objective on Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded Stratasys from a “hold” rating to a “buy” rating in a research note on Thursday.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Formidable Asset Management LLC raised its stake in shares of Stratasys by 4.1% in the fourth quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company’s stock worth $218,000 after purchasing an additional 965 shares during the last quarter. Barclays PLC raised its stake in shares of Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after purchasing an additional 1,525 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock worth $148,000 after purchasing an additional 1,564 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after purchasing an additional 2,483 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Stratasys by 12.1% in the fourth quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company’s stock worth $252,000 after purchasing an additional 3,071 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Trading Up 0.9%

Shares of NASDAQ:SSYS opened at $11.16 on Tuesday. The stock has a fifty day simple moving average of $9.78 and a two-hundred day simple moving average of $9.79. The stock has a market capitalization of $800.35 million, a price-to-earnings ratio of -8.45 and a beta of 1.50. Stratasys has a 12-month low of $6.05 and a 12-month high of $12.88.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $136.05 million during the quarter, compared to analysts’ expectations of $134.11 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) earnings per share. As a group, equities research analysts predict that Stratasys will post -0.4 EPS for the current year.

Stratasys Company Profile

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 selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.