Stratasys Ltd. (NASDAQ:SSYS)‘s stock had its “outperform” rating restated by stock analysts at FBR & Co in a research report issued on Monday. They presently have a $29.00 target price on the stock. FBR & Co’s target price suggests a potential upside of 22.26% from the company’s current price.
SSYS has been the topic of several other reports. Pacific Crest reiterated an “equal weight” rating on shares of Stratasys in a report on Sunday, June 5th. Brean Capital reiterated a “hold” rating on shares of Stratasys in a report on Monday, August 8th. Vetr lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating and set a $26.67 target price on the stock. in a report on Wednesday, September 28th. Bank of America Corp. reiterated an “underperform” rating and issued a $23.00 target price on shares of Stratasys in a report on Thursday, August 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $26.00 target price on shares of Stratasys in a report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.48.
Stratasys (NASDAQ:SSYS) opened at 23.72 on Monday. The stock’s 50 day moving average is $22.40 and its 200-day moving average is $22.73. The company’s market capitalization is $1.24 billion. Stratasys has a 1-year low of $14.48 and a 1-year high of $32.52.
Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $172.10 million for the quarter, compared to analyst estimates of $175.88 million. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. Stratasys’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. On average, analysts expect that Stratasys will post $0.32 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of SSYS. Primecap Management Co. CA boosted 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 during the last quarter. AXA boosted 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 during the last quarter. Commonwealth Equity Services Inc boosted its position in shares of Stratasys by 28.5% in the second quarter. Commonwealth Equity Services Inc now owns 14,873 shares of the company’s stock valued at $340,000 after buying an additional 3,303 shares during the last quarter. Teachers Advisors Inc. boosted 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 during the last quarter. Finally, Societe Generale bought a new position in shares of Stratasys during the second quarter valued at about $1,731,000. Institutional investors and hedge funds 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.
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