Equities researchers at StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS – Get Rating) in a report released on Thursday. The firm set a “buy” rating on the technology company’s stock.
A number of other equities research analysts have also weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Stratasys in a report on Friday, March 10th. Lake Street Capital upped their price objective on Stratasys from $20.00 to $22.00 in a research report on Friday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Stratasys presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.
Stratasys Trading Up 1.6 %
Shares of NASDAQ SSYS opened at $14.62 on Thursday. The stock has a market cap of $1.00 billion, a P/E ratio of -32.49 and a beta of 1.41. The business’s fifty day simple moving average is $14.85 and its 200-day simple moving average is $13.92. Stratasys has a 12-month low of $11.03 and a 12-month high of $21.44.
Stratasys (NASDAQ:SSYS – Get Rating) last posted its quarterly earnings results on Thursday, March 2nd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. Stratasys had a negative return on equity of 2.26% and a negative net margin of 4.45%. The company had revenue of $159.26 million for the quarter, compared to analyst estimates of $157.21 million. On average, equities analysts forecast that Stratasys will post -0.31 EPS for the current fiscal year.
Institutional Investors Weigh In On Stratasys
Institutional investors have recently added to or reduced their stakes in the business. Capital Analysts LLC purchased a new stake in Stratasys during the first quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Stratasys by 73.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,103 shares of the technology company’s stock worth $35,000 after buying an additional 890 shares during the period. Pacer Advisors Inc. increased its position in Stratasys by 46.4% during the fourth quarter. Pacer Advisors Inc. now owns 3,945 shares of the technology company’s stock worth $47,000 after buying an additional 1,251 shares during the period. Captrust Financial Advisors increased its position in Stratasys by 315.6% during the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock worth $58,000 after buying an additional 2,332 shares during the period. Finally, Amundi increased its position in Stratasys by 25.2% during the fourth quarter. Amundi now owns 6,921 shares of the technology company’s stock worth $95,000 after buying an additional 1,393 shares during the period. Hedge funds and other institutional investors own 83.16% of the company’s stock.
Stratasys Company Profile
Stratasys Ltd. engages in the provision of applied additive technology solutions for industries including aerospace, automotive, healthcare, consumer products, and education. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing.