Several other research firms have also weighed in on SSYS. Zacks Investment Research lowered Stratasys from a strong-buy rating to a hold rating in a report on Monday, August 1st. Vetr raised Stratasys from a buy rating to a strong-buy rating and set a $28.67 price objective on the stock in a research note on Monday, October 3rd. Needham & Company LLC reaffirmed a buy rating and set a $24.00 price objective on shares of Stratasys in a research note on Thursday, August 25th. FBR & Co reaffirmed an outperform rating and set a $29.00 price objective on shares of Stratasys in a research note on Monday, October 3rd. Finally, Bank of America Corp. reaffirmed an underperform rating and set a $23.00 price objective on shares of Stratasys in a research note on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $25.41.
Shares of Stratasys (NASDAQ:SSYS) traded down 2.07% during mid-day trading on Friday, reaching $20.79. 940,571 shares of the company traded hands. The stock’s market capitalization is $1.09 billion. Stratasys has a 52-week low of $14.48 and a 52-week high of $31.35. The company’s 50 day moving average is $22.53 and its 200 day moving average is $22.67.
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 Thomson Reuters’ 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 return on equity of 1.31% and a negative net margin of 177.98%. Stratasys’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, equities analysts forecast that Stratasys will post $0.32 earnings per share for the current year.
Several large investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. bought a new stake in Stratasys during the third quarter worth about $470,000. Daiwa SB Investments Ltd. bought a new stake in Stratasys during the third quarter worth about $1,238,000. Fisher Asset Management LLC raised its stake in Stratasys by 2.7% in the third quarter. Fisher Asset Management LLC now owns 3,195,757 shares of the company’s stock worth $76,986,000 after buying an additional 84,023 shares during the period. BNP Paribas Arbitrage SA raised its stake in Stratasys by 47.1% in the third quarter. BNP Paribas Arbitrage SA now owns 120,629 shares of the company’s stock worth $2,906,000 after buying an additional 38,639 shares during the period. Finally, American Century Companies Inc. bought a new stake in Stratasys during the second quarter worth about $2,934,000. Institutional investors and hedge funds own 63.58% of the company’s stock.
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.
Receive News & Ratings for Stratasys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.