Stratasys Ltd. (NASDAQ:SSYS) Receives $11.40 Average PT from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $11.40.

Several brokerages have weighed in on SSYS. Craig Hallum boosted their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com began coverage on Stratasys in a research report on Monday, September 2nd. They issued a “hold” rating for the company. Needham & Company LLC boosted their price objective on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Loop Capital lowered their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Finally, Lake Street Capital lowered their price objective on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, August 30th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock worth $877,000 after purchasing an additional 1,500 shares during the period. Barclays PLC increased its holdings in shares of Stratasys by 1.9% in the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock valued at $669,000 after acquiring an additional 1,525 shares during the period. 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 valued at $565,000 after acquiring an additional 1,850 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of 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 acquiring an additional 3,791 shares during the period. Finally, ARK Investment Management LLC increased its holdings in shares of Stratasys by 0.7% in the 3rd quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after acquiring an additional 4,589 shares during the period. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Stock Performance

SSYS stock opened at $9.39 on Tuesday. The stock has a fifty day moving average of $7.78 and a 200-day moving average of $8.18. The company has a market capitalization of $670.24 million, a price-to-earnings ratio of -7.11 and a beta of 1.21. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $14.93.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $140.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) EPS. Equities analysts predict that Stratasys will post -0.42 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.