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

Analysts at StockNews.com began coverage on shares of Stratasys (NASDAQ:SSYS) in a report issued on Sunday. The firm set a “buy” rating on the technology company’s stock.

Several other analysts have also recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 price target on shares of Stratasys in a research note on Thursday, May 30th. Needham & Company LLC decreased 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.

Stratasys Price Performance

Shares of SSYS stock opened at $8.39 on Friday. The stock has a market cap of $584.45 million, a P/E ratio of -4.58 and a beta of 1.32. Stratasys has a 52 week low of $8.02 and a 52 week high of $21.72. The company’s fifty day simple moving average is $9.15 and its two-hundred day simple moving average is $11.37.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, hitting the consensus estimate of ($0.15). The business had revenue of $144.05 million for the quarter, compared to analysts’ expectations of $147.53 million. Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. On average, analysts anticipate that Stratasys will post -0.28 EPS for the current fiscal year.

Institutional Trading of Stratasys

A number of large investors have recently made changes to their positions in the business. Values First Advisors Inc. increased its holdings 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 worth $281,000 after buying an additional 828 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Stratasys by 4.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock worth $565,000 after buying an additional 1,850 shares during the last quarter. RIA Advisory Group LLC bought a new stake in shares of Stratasys in the 4th quarter worth about $33,000. Essex Investment Management Co. LLC grew its holdings in Stratasys by 1.9% during the 1st quarter. Essex Investment Management Co. LLC now owns 135,324 shares of the technology company’s stock valued at $1,572,000 after purchasing an additional 2,528 shares during the last quarter. Finally, Formidable Asset Management LLC grew its holdings in Stratasys by 21.1% during the 4th quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock valued at $303,000 after purchasing an additional 3,705 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

About Stratasys

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.