Cantor Fitzgerald Boosts Stratasys (NASDAQ:SSYS) Price Target to $15.00

Stratasys (NASDAQ:SSYS) had its target price upped by analysts at Cantor Fitzgerald from $12.00 to $15.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 44.93% from the stock’s previous close.

SSYS has been the topic of several other reports. Craig Hallum raised their price target on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Stratasys in a research report on Monday, February 3rd. Finally, StockNews.com lowered Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.00.

Stratasys Stock Down 2.5 %

Shares of NASDAQ SSYS opened at $10.35 on Tuesday. The firm has a market capitalization of $738.76 million, a P/E ratio of -7.84 and a beta of 1.31. The stock’s 50-day simple moving average is $10.23 and its two-hundred day simple moving average is $8.90. Stratasys has a twelve month low of $6.05 and a twelve month high of $12.88.

Stratasys (NASDAQ:SSYS) last announced its earnings results 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 return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. During the same period in the prior year, the company earned $0.02 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of large investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Stratasys in the 4th quarter valued at approximately $68,000. Teton Advisors Inc. purchased a new position in shares of Stratasys in the 4th quarter valued at approximately $89,000. SBI Securities Co. Ltd. purchased a new position in shares of Stratasys in the 4th quarter valued at approximately $90,000. Quantbot Technologies LP purchased a new position in shares of Stratasys in the 3rd quarter valued at approximately $90,000. Finally, Hsbc Holdings PLC lifted its stake in shares of Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,564 shares during the period. 75.77% of the stock is currently owned by institutional investors.

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.