Analysts Set Stratasys Ltd. (NASDAQ:SSYS) PT at $11.40

Stratasys Ltd. (NASDAQ:SSYS) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $11.40.

A number of equities analysts have recently weighed in on SSYS shares. Needham & Company LLC upped their target price on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Craig Hallum upped their target price on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th.

Institutional Investors Weigh In On Stratasys

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rubric Capital Management LP raised its position in Stratasys by 3.7% in the 3rd quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company’s stock valued at $51,447,000 after buying an additional 222,297 shares during the last quarter. Clearline Capital LP raised its position in Stratasys by 23.3% in the 3rd quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company’s stock valued at $11,362,000 after buying an additional 258,603 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in Stratasys in the 3rd quarter valued at $10,916,000. Pinnacle Associates Ltd. raised its position in Stratasys by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after buying an additional 3,791 shares during the last quarter. Finally, RPG Investment Advisory LLC increased its position in shares of Stratasys by 29.6% during the 3rd 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 last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Stock Performance

Stratasys stock opened at $9.13 on Wednesday. The stock has a market capitalization of $651.68 million, a price-to-earnings ratio of -6.92 and a beta of 1.31. Stratasys has a 52-week low of $6.05 and a 52-week high of $14.33. The stock’s 50 day moving average price is $9.28 and its two-hundred day moving average price is $8.30.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $140.00 million for the quarter, compared to analysts’ expectations of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS. On average, equities research analysts forecast that Stratasys will post -0.4 EPS for the current year.

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.