Stratasys (NASDAQ:SSYS) Downgraded by Zacks Research to Hold

Stratasys (NASDAQ:SSYS) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a report on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.33.

Stratasys Stock Performance

SSYS stock opened at $7.92 on Tuesday. The firm has a market cap of $682.47 million, a price-to-earnings ratio of -5.91 and a beta of 1.94. The firm has a 50-day simple moving average of $8.37 and a two-hundred day simple moving average of $8.77. Stratasys has a one year low of $7.34 and a one year high of $12.81.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $137.61 million for the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. As a group, equities analysts predict that Stratasys will post -0.19 earnings per share for the current fiscal year.

Institutional Trading of Stratasys

A number of institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Stratasys by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 212,555 shares of the technology company’s stock worth $2,148,000 after buying an additional 6,306 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Stratasys by 41.0% during the second quarter. JPMorgan Chase & Co. now owns 332,395 shares of the technology company’s stock valued at $3,813,000 after buying an additional 96,731 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Stratasys by 17.6% during the second quarter. Russell Investments Group Ltd. now owns 78,902 shares of the technology company’s stock valued at $905,000 after buying an additional 11,808 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Stratasys in the 2nd quarter valued at $1,708,000. Finally, Marshall Wace LLP acquired a new position in shares of Stratasys in the 2nd quarter valued at $574,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.