Stratasys (NASDAQ:SSYS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a report released on Wednesday morning.

Other equities analysts also recently issued research reports about the stock. Craig Hallum raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Lake Street Capital reduced their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Cantor Fitzgerald reduced their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Loop Capital decreased their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Finally, Needham & Company LLC lifted their price target on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Performance

Stratasys stock opened at $9.38 on Wednesday. Stratasys has a 1 year low of $6.05 and a 1 year high of $14.93. The firm has a 50 day moving average price of $8.83 and a 200 day moving average price of $8.25. The company has a market cap of $669.53 million, a price-to-earnings ratio of -7.11 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company 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% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) EPS. Sell-side analysts predict that Stratasys will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its stake in shares of Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after purchasing an additional 2,483 shares in the last quarter. Barclays PLC increased its holdings in Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock valued at $669,000 after buying an additional 1,525 shares during the last quarter. Geode Capital Management LLC raised its stake in Stratasys by 42.2% during the third quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock valued at $560,000 after buying an additional 20,012 shares in the last quarter. Jane Street Group LLC lifted its holdings in Stratasys by 17.4% during the 3rd quarter. Jane Street Group LLC now owns 103,218 shares of the technology company’s stock worth $858,000 after buying an additional 15,318 shares during the last quarter. Finally, State Street Corp grew its position in shares of Stratasys by 1.4% in the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock worth $877,000 after acquiring an additional 1,500 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.