Stratasys (SSYS) Cut to “Strong Sell” at BidaskClub

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BidaskClub downgraded shares of Stratasys (NASDAQ:SSYS) from a sell rating to a strong sell rating in a research report report published on Monday.

A number of other equities research analysts also recently weighed in on SSYS. Zacks Investment Research raised shares of Stratasys from a hold rating to a buy rating and set a $26.00 price target for the company in a report on Monday, October 1st. ValuEngine raised shares of Stratasys from a sell rating to a hold rating in a report on Wednesday, October 17th. Cowen set a $22.00 price target on shares of Stratasys and gave the company a hold rating in a report on Thursday, November 1st. Finally, Susquehanna Bancshares set a $27.00 price target on shares of Stratasys and gave the company a buy rating in a report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $20.86.

SSYS traded down $0.16 on Monday, reaching $19.19. The company had a trading volume of 270 shares, compared to its average volume of 309,309. The firm has a market capitalization of $994.69 million, a PE ratio of 148.92, a P/E/G ratio of 3.26 and a beta of 1.62. The company has a quick ratio of 3.23, a current ratio of 3.95 and a debt-to-equity ratio of 0.02. Stratasys has a one year low of $17.06 and a one year high of $26.17.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. Stratasys had a negative net margin of 4.10% and a positive return on equity of 1.01%. The company had revenue of $162.00 million during the quarter, compared to the consensus estimate of $161.88 million. During the same period in the prior year, the company earned $0.08 EPS. Stratasys’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that Stratasys will post 0.29 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in Stratasys during the third quarter valued at about $140,000. Nikko Asset Management Americas Inc. purchased a new stake in shares of Stratasys in the third quarter worth approximately $169,000. Virtu Financial LLC purchased a new stake in shares of Stratasys in the third quarter worth approximately $204,000. Weil Company Inc. purchased a new stake in shares of Stratasys in the third quarter worth approximately $256,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Stratasys in the second quarter worth approximately $240,000. 74.56% of the stock is owned by institutional investors.

Stratasys Company Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.

Further Reading: Quiet Period

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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