Stratasys Ltd. (NASDAQ:SSYS)‘s stock had its “outperform” rating reiterated by research analysts at FBR & Co in a research report issued to clients and investors on Monday. They currently have a $29.00 price objective on the stock. FBR & Co’s price target would indicate a potential upside of 42.23% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. Piper Jaffray Cos. cut shares of Stratasys from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $32.00 to $24.00 in a research note on Monday, July 18th. Vetr raised shares of Stratasys from a “buy” rating to a “strong-buy” rating and set a $28.67 target price on the stock in a research note on Monday, October 3rd. Zacks Investment Research cut shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 1st. Brean Capital reissued a “hold” rating on shares of Stratasys in a research note on Monday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $24.00 target price 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 assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.41.
Stratasys (NASDAQ:SSYS) opened at 20.39 on Monday. The stock’s market cap is $1.06 billion. Stratasys has a 1-year low of $14.48 and a 1-year high of $31.35. The firm’s 50-day moving average is $22.41 and its 200-day moving average is $22.59.
Stratasys (NASDAQ:SSYS) last released its earnings results on Thursday, August 4th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The firm had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $175.88 million. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. Stratasys’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. On average, analysts forecast that Stratasys will post $0.32 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new stake in Stratasys during the third quarter worth about $145,000. Tower Research Capital LLC TRC acquired a new stake in Stratasys during the second quarter worth about $164,000. Creative Planning boosted its stake in Stratasys by 109.9% in the second quarter. Creative Planning now owns 8,222 shares of the company’s stock worth $188,000 after buying an additional 4,305 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Stratasys during the second quarter worth about $201,000. Finally, BlackRock Inc. boosted its stake in Stratasys by 165.9% in the second quarter. BlackRock Inc. now owns 8,625 shares of the company’s stock worth $197,000 after buying an additional 5,381 shares during the period. Institutional investors and hedge funds own 63.88% 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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