Stratasys (NASDAQ:SSYS) Research Coverage Started at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a note issued to investors on Friday. The brokerage set a “buy” rating on the technology company’s stock.

Several other research firms have also recently commented on SSYS. Cantor Fitzgerald initiated coverage on Stratasys in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Stratasys in a research report on Tuesday, December 26th.

Stratasys Stock Up 1.4 %

Stratasys stock opened at $9.93 on Friday. The stock has a 50-day simple moving average of $11.82 and a 200 day simple moving average of $12.12. The stock has a market capitalization of $691.72 million, a price-to-earnings ratio of -5.55 and a beta of 1.29. Stratasys has a 12-month low of $9.43 and a 12-month high of $21.72.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, meeting 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 firm had revenue of $156.34 million during the quarter, compared to analysts’ expectations of $153.96 million. During the same quarter last year, the company posted ($0.03) EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stratasys will post -0.29 EPS for the current year.

Institutional Trading of Stratasys

Institutional investors have recently bought and sold shares of the business. Rubric Capital Management LP boosted its position in shares of Stratasys by 366.7% in the 4th quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock worth $60,690,000 after purchasing an additional 3,339,367 shares during the last quarter. Norges Bank bought a new position in Stratasys during the fourth quarter worth about $8,760,000. Point72 Asset Management L.P. acquired a new position in shares of Stratasys during the 4th quarter worth about $6,355,000. Wellington Management Group LLP bought a new stake in shares of Stratasys in the 1st quarter valued at about $10,325,000. Finally, Pinnacle Associates Ltd. increased its stake in shares of Stratasys by 42.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,063,482 shares of the technology company’s stock valued at $14,474,000 after acquiring an additional 315,868 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

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.