Stratasys (NASDAQ:SSYS) Downgraded by StockNews.com to Hold

Stratasys (NASDAQ:SSYS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities research analysts have also recently commented on SSYS. Loop Capital reduced their price target on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Cantor Fitzgerald reduced their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Lake Street Capital reduced their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 30th. Craig Hallum lifted their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Needham & Company LLC lifted their price objective on shares of Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Trading Up 5.3 %

NASDAQ:SSYS opened at $9.90 on Thursday. The stock has a market capitalization of $706.64 million, a price-to-earnings ratio of -7.50 and a beta of 1.31. The firm has a fifty day simple moving average of $8.22 and a two-hundred day simple moving average of $8.18. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.93.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the company posted ($0.05) earnings per share. Equities analysts predict that Stratasys will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of Stratasys

Several hedge funds have recently added to or reduced their stakes in SSYS. Invenomic Capital Management LP bought a new stake in Stratasys in the third quarter worth about $10,916,000. Clearline Capital LP bought a new stake in shares of Stratasys in the second quarter valued at approximately $9,301,000. Rubric Capital Management LP raised its position in shares of Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock valued at $50,077,000 after purchasing an additional 918,703 shares during the period. RPG Investment Advisory LLC raised its position in shares of Stratasys by 29.6% in the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock valued at $5,485,000 after purchasing an additional 150,891 shares during the period. Finally, RBF Capital LLC bought a new stake in shares of Stratasys in the third quarter valued at approximately $1,080,000. Institutional investors 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.