Stratasys Ltd. (NASDAQ:SSYS) has been given a consensus rating of “Hold” by the twenty analysts that are covering the stock. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $26.22.
SSYS has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price target on shares of Stratasys in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of Stratasys from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, June 28th. FBR & Co reiterated a “buy” rating and issued a $29.00 price target on shares of Stratasys in a research report on Tuesday, June 14th. Pacific Crest reiterated an “equal weight” rating on shares of Stratasys in a research report on Sunday, June 5th. Finally, Brean Capital reiterated a “hold” rating on shares of Stratasys in a research report on Wednesday, August 24th.
Several hedge funds have recently modified their holdings of SSYS. Boothbay Fund Management LLC acquired a new stake in shares of Stratasys during the first quarter valued at $415,000. Royal Bank of Canada boosted its stake in shares of Stratasys by 17.2% in the first quarter. Royal Bank of Canada now owns 78,088 shares of the company’s stock valued at $2,023,000 after buying an additional 11,482 shares in the last quarter. Sterling Ridge Capital Management LP acquired a new stake in shares of Stratasys during the first quarter valued at $526,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Stratasys during the first quarter valued at $866,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Stratasys by 26.3% in the first quarter. Envestnet Asset Management Inc. now owns 71,958 shares of the company’s stock valued at $1,865,000 after buying an additional 14,962 shares in the last quarter. 63.58% of the stock is currently owned by institutional investors.
Shares of Stratasys (NASDAQ:SSYS) opened at 22.03 on Tuesday. The company’s market capitalization is $1.15 billion. Stratasys has a 1-year low of $14.48 and a 1-year high of $32.52. The stock has a 50 day moving average price of $21.85 and a 200 day moving average price of $22.77.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. The company earned $172.10 million during the quarter, compared to the consensus estimate of $175.88 million. During the same period in the previous year, the business earned $0.15 earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Analysts forecast that Stratasys will post $0.32 earnings per share for the current year.
Stratasys Company Profile
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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