Vetr lowered shares of Stratasys Ltd. (NASDAQ:SSYS) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning. They currently have $26.67 price target on the stock.
Several other brokerages also recently issued reports on SSYS. Piper Jaffray Cos. downgraded Stratasys from an overweight rating to a neutral rating and reduced their price objective for the stock from $32.00 to $24.00 in a research report on Monday, July 18th. Bank of America Corp. reiterated an underperform rating and set a $23.00 price objective on shares of Stratasys in a research report on Thursday, August 25th. Needham & Company LLC reiterated a buy rating and set a $24.00 price objective on shares of Stratasys in a research report on Thursday, August 25th. Pacific Crest reiterated an equal weight rating on shares of Stratasys in a research report on Sunday, June 5th. Finally, Brean Capital reissued a hold rating on shares of Stratasys in a report on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $25.33.
Shares of Stratasys (NASDAQ:SSYS) opened at 23.85 on Wednesday. The stock’s market cap is $1.25 billion. The firm has a 50-day moving average price of $22.08 and a 200-day moving average price of $22.73. Stratasys has a 52-week low of $14.48 and a 52-week high of $32.52.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The business earned $172.10 million during the quarter, compared to the consensus estimate of $175.88 million. Stratasys had a negative return on equity of 1.31% and a negative net margin of 177.98%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, analysts anticipate that Stratasys will post $0.32 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in SSYS. Disciplined Growth Investors Inc. MN raised its position in Stratasys by 3.3% in the first quarter. Disciplined Growth Investors Inc. MN now owns 146,509 shares of the company’s stock valued at $3,798,000 after buying an additional 4,625 shares during the period. Teachers Advisors Inc. raised its position in shares of Stratasys by 7.3% in the first quarter. Teachers Advisors Inc. now owns 80,190 shares of the company’s stock valued at $2,079,000 after buying an additional 5,474 shares in the last quarter. Marcus Capital LLC raised its position in shares of Stratasys by 0.3% in the first quarter. Marcus Capital LLC now owns 40,450 shares of the company’s stock valued at $1,048,000 after buying an additional 125 shares in the last quarter. Primecap Management Co. CA raised its position in shares of Stratasys by 22.0% in the first quarter. Primecap Management Co. CA now owns 4,006,200 shares of the company’s stock valued at $103,841,000 after buying an additional 721,200 shares in the last quarter. Finally, AXA raised its position in shares of Stratasys by 171.6% in the first quarter. AXA now owns 339,670 shares of the company’s stock valued at $8,804,000 after buying an additional 214,621 shares in the last quarter. 63.58% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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