Stratasys Ltd. (NASDAQ:SSYS) Receives $12.20 Consensus Price Target from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $12.20.

A number of equities research analysts have issued reports on SSYS shares. StockNews.com lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Needham & Company LLC lifted their target price on Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Cantor Fitzgerald lifted their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th.

Institutional Trading of Stratasys

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Stratasys in the fourth quarter valued at about $68,000. Teton Advisors Inc. purchased a new position in shares of Stratasys during the 4th quarter worth approximately $89,000. Quantbot Technologies LP purchased a new position in shares of Stratasys during the 3rd quarter worth approximately $90,000. SBI Securities Co. Ltd. acquired a new stake in shares of Stratasys in the 4th quarter valued at approximately $90,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after buying an additional 1,564 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Price Performance

NASDAQ SSYS opened at $10.15 on Monday. Stratasys has a 12 month low of $6.05 and a 12 month high of $12.88. The stock has a market capitalization of $727.92 million, a P/E ratio of -7.69 and a beta of 1.28. The firm’s 50-day moving average is $10.54 and its two-hundred day moving average is $9.19.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $150.40 million during the quarter, compared to analysts’ expectations of $151.01 million. During the same quarter last year, the company posted $0.02 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, analysts anticipate that Stratasys will post -0.4 EPS for the current year.

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.