Stratasys Ltd. (NASDAQ:SSYS) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage currently has a $28.67 target price on the stock. Vetr‘s price target indicates a potential upside of 20.56% from the stock’s current price.
Several other research analysts also recently commented on SSYS. Zacks Investment Research raised shares of Stratasys from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, June 28th. Bank of America Corp. reaffirmed an “underperform” rating and issued a $23.00 price target on shares of Stratasys in a research note on Thursday, August 25th. Brean Capital reaffirmed a “hold” rating on shares of Stratasys in a research note on Wednesday, August 24th. FBR & Co reaffirmed a “buy” rating and issued a $29.00 price target on shares of Stratasys in a research note on Tuesday, June 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 price target on shares of Stratasys in a research note on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Stratasys has an average rating of “Hold” and a consensus target price of $25.48.
Stratasys (NASDAQ:SSYS) traded down 1.29% during mid-day trading on Monday, hitting $23.78. 942,632 shares of the stock were exchanged. The company has a 50-day moving average of $22.33 and a 200-day moving average of $22.74. The stock’s market capitalization is $1.24 billion. Stratasys has a 52 week low of $14.48 and a 52 week high of $32.52.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company had revenue of $172.10 million for the quarter, compared to the consensus estimate of $175.88 million. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. On average, equities analysts predict that Stratasys will post $0.32 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors Inc. boosted its stake in Stratasys by 7.3% in the first quarter. Teachers Advisors Inc. now owns 80,190 shares of the company’s stock worth $2,079,000 after buying an additional 5,474 shares during the period. Marcus Capital LLC boosted its stake in Stratasys by 0.3% in the first quarter. Marcus Capital LLC now owns 40,450 shares of the company’s stock worth $1,048,000 after buying an additional 125 shares during the period. Primecap Management Co. CA boosted its stake in Stratasys by 22.0% in the first quarter. Primecap Management Co. CA now owns 4,006,200 shares of the company’s stock worth $103,841,000 after buying an additional 721,200 shares during the period. AXA boosted its stake in Stratasys by 171.6% in the first quarter. AXA now owns 339,670 shares of the company’s stock worth $8,804,000 after buying an additional 214,621 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Stratasys by 10.0% in the first quarter. Geode Capital Management LLC now owns 75,190 shares of the company’s stock worth $1,948,000 after buying an additional 6,833 shares during the period. Institutional investors own 63.58% of the company’s stock.
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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