Stratasys, Ltd. (NASDAQ:SSYS) Stock Has Consensus Target Price of $12.33 According to Brokerages

Stratasys, Ltd. (NASDAQ:SSYS) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $12.33.

Several analysts recently commented on the company. Zacks Research cut Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research note on Tuesday, August 18th.

Institutional Investors Weigh In On Stratasys

Several institutional investors have recently bought and sold shares of SSYS. Integrated Wealth Concepts LLC bought a new position in Stratasys in the 2nd quarter valued at about $27,000. Parallel Advisors LLC lifted its stake in shares of Stratasys by 1,071.4% in the 1st quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock worth $30,000 after acquiring an additional 3,482 shares during the period. NFSG Corp acquired a new stake in shares of Stratasys in the 1st quarter worth approximately $45,000. ACT Capital Management LLC bought a new position in shares of Stratasys in the fourth quarter valued at approximately $87,000. Finally, Inceptionr LLC bought a new position in shares of Stratasys in the first quarter valued at approximately $100,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Stock Down 0.1%

Stratasys stock opened at $8.02 on Tuesday. Stratasys has a 52-week low of $7.34 and a 52-week high of $12.81. The firm has a market capitalization of $691.08 million, a price-to-earnings ratio of -5.99 and a beta of 1.93. The firm has a 50-day moving average price of $8.12 and a two-hundred day moving average price of $8.40.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 EPS for the quarter. The company 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%. Research analysts expect that Stratasys will post -0.19 earnings per share for the current year.

Stratasys Company Profile

Stratasys Ltd. is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services for industrial, medical, educational and consumer applications. Its technologies are designed to produce prototypes, tooling, production parts and customized products directly from digital designs.

The company’s product portfolio includes polymer-based 3D printers using technologies such as Fused Deposition Modeling, PolyJet and stereolithography.