Equities research analysts at StockNews.com assumed coverage on shares of Stratasys (NASDAQ:SSYS – Get Rating) in a research note issued to investors on Monday. The firm set a “buy” rating on the technology company’s stock.
SSYS has been the subject of several other reports. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Stratasys in a research report on Friday, March 10th. Lake Street Capital raised their price target on Stratasys from $20.00 to $22.00 in a research report on Friday, March 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.00.
Stratasys Stock Performance
NASDAQ:SSYS opened at $14.98 on Monday. Stratasys has a one year low of $11.03 and a one year high of $22.32. The stock has a market cap of $1.02 billion, a PE ratio of -33.29 and a beta of 1.41. The stock has a 50 day moving average price of $14.52 and a 200 day moving average price of $13.83.
Stratasys (NASDAQ:SSYS – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $159.26 million during the quarter, compared to analyst estimates of $157.21 million. Stratasys had a negative return on equity of 2.26% and a negative net margin of 4.45%. As a group, analysts predict that Stratasys will post -0.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Douglas Lane & Associates LLC boosted its holdings in Stratasys by 3.5% in the third quarter. Douglas Lane & Associates LLC now owns 1,447,011 shares of the technology company’s stock valued at $20,851,000 after purchasing an additional 48,540 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in Stratasys in the third quarter valued at $265,000. Boothbay Fund Management LLC acquired a new stake in Stratasys in the third quarter valued at $618,000. AMH Equity Ltd acquired a new stake in Stratasys in the third quarter valued at $1,729,000. Finally, TSP Capital Management Group LLC acquired a new stake in Stratasys in the fourth quarter valued at $247,000. 83.16% of the stock is currently owned by hedge funds and other institutional investors.
About Stratasys
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.