StockNews.com Initiates Coverage on Stratasys (NASDAQ:SSYS)

Analysts at StockNews.com assumed coverage on shares of Stratasys (NASDAQ:SSYS) in a note issued to investors on Saturday. The firm set a “buy” rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $23.00 price target on shares of Stratasys in a research note on Thursday, May 30th.

Stratasys Stock Performance

Shares of SSYS opened at $8.29 on Friday. Stratasys has a 52-week low of $8.02 and a 52-week high of $21.72. The business’s fifty day moving average is $9.31 and its 200-day moving average is $11.49. The firm has a market cap of $577.48 million, a price-to-earnings ratio of -4.53 and a beta of 1.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. RIA Advisory Group LLC bought a new position in shares of Stratasys during the fourth quarter worth about $33,000. Crewe Advisors LLC bought a new position in Stratasys during the 1st quarter worth approximately $61,000. Larson Financial Group LLC lifted its position in shares of Stratasys by 2,711.2% in the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after purchasing an additional 9,218 shares during the period. Values First Advisors Inc. boosted its stake in shares of Stratasys by 4.4% in the 4th quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock valued at $281,000 after purchasing an additional 828 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Stratasys during the third quarter worth $271,000. 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.