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

Stratasys Ltd. (NASDAQ:SSYS) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $11.40.

Several equities analysts recently commented on the company. Craig Hallum upped their target price on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Stratasys in a research note on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 target price on shares of Stratasys in a research report on Monday. Finally, StockNews.com raised shares of Stratasys from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th.

Stratasys Trading Up 10.1 %

Stratasys stock opened at $12.45 on Friday. The stock has a 50-day moving average price of $9.47 and a 200 day moving average price of $8.37. Stratasys has a 52 week low of $6.05 and a 52 week high of $13.98. The stock has a market cap of $888.68 million, a PE ratio of -9.43 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last issued 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. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, equities analysts predict that Stratasys will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Rubric Capital Management LP increased its holdings in Stratasys by 3.7% in the third 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. Exchange Traded Concepts LLC increased its holdings in shares of Stratasys by 0.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company’s stock valued at $12,445,000 after acquiring an additional 9,522 shares during the last quarter. Clearline Capital LP raised its position in shares of Stratasys by 23.3% during the 3rd quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company’s stock valued at $11,362,000 after acquiring an additional 258,603 shares in the last quarter. Invenomic Capital Management LP bought a new position in Stratasys during the third quarter worth $10,916,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Stratasys by 53.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock worth $10,255,000 after purchasing an additional 400,000 shares during the last quarter. Institutional investors and hedge funds 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.