Hussman Strategic Advisors Inc. acquired a new position in shares of Stratasys, Ltd. (NASDAQ:SSYS – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 210,000 shares of the technology company’s stock, valued at approximately $2,352,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSYS. Raymond James Financial Inc. bought a new position in Stratasys in the 2nd quarter worth approximately $35,000. State of Alaska Department of Revenue acquired a new stake in shares of Stratasys in the third quarter worth $45,000. Osaic Holdings Inc. increased its position in Stratasys by 66.7% during the second quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company’s stock worth $94,000 after acquiring an additional 3,282 shares during the period. Headlands Technologies LLC acquired a new position in Stratasys during the 2nd quarter valued at $113,000. Finally, MQS Management LLC acquired a new position in Stratasys during the 2nd quarter valued at $180,000. Institutional investors and hedge funds own 75.77% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on SSYS shares. Cantor Fitzgerald boosted their price objective on shares of Stratasys from $13.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, November 14th. UBS Group reissued an “overweight” rating on shares of Stratasys in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a report on Thursday, January 22nd. Finally, Needham & Company LLC decreased their price objective on Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.75.
Stratasys Stock Performance
NASDAQ SSYS opened at $11.20 on Wednesday. Stratasys, Ltd. has a twelve month low of $8.12 and a twelve month high of $12.88. The company has a quick ratio of 2.69, a current ratio of 3.65 and a debt-to-equity ratio of 0.03. The stock has a market cap of $953.01 million, a P/E ratio of -6.91 and a beta of 1.43. The company’s 50-day simple moving average is $9.52 and its 200 day simple moving average is $10.28.
Stratasys (NASDAQ:SSYS – Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Stratasys had a negative return on equity of 0.72% and a negative net margin of 22.69%.The company had revenue of $136.97 million for the quarter, compared to the consensus estimate of $136.60 million. During the same period in the previous year, the business earned $0.01 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Stratasys has set its FY 2025 guidance at 0.130-0.160 EPS. As a group, research analysts forecast that Stratasys, Ltd. will post -0.4 earnings per share for the current fiscal year.
Stratasys Company Profile
Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.
The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.
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