Stratasys (NASDAQ:SSYS) Shares Gap Down to $20.75

Stratasys Ltd. (NASDAQ:SSYSGet Rating)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $20.75, but opened at $20.03. Stratasys shares last traded at $20.70, with a volume of 187 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on SSYS shares. TheStreet cut Stratasys from a “c-” rating to a “d+” rating in a report on Tuesday, July 5th. Lake Street Capital decreased their price target on Stratasys from $40.00 to $29.00 in a report on Tuesday, May 17th. William Blair reissued an “underperform” rating on shares of Stratasys in a report on Tuesday, May 17th. Finally, JPMorgan Chase & Co. raised Stratasys from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $23.00 in a report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.40.

Stratasys Price Performance

The stock has a market cap of $1.14 billion, a PE ratio of -20.58 and a beta of 1.29. The stock has a 50-day moving average price of $18.98 and a two-hundred day moving average price of $21.31.

Stratasys (NASDAQ:SSYSGet Rating) last issued its quarterly earnings data on Monday, May 16th. The technology company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.06. The firm had revenue of $163.43 million during the quarter, compared to analyst estimates of $157.80 million. Stratasys had a negative return on equity of 2.97% and a negative net margin of 10.06%. Equities research analysts expect that Stratasys Ltd. will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Values First Advisors Inc. grew its position in Stratasys by 9.6% in the first quarter. Values First Advisors Inc. now owns 12,382 shares of the technology company’s stock worth $314,000 after acquiring an additional 1,083 shares in the last quarter. Van ECK Associates Corp grew its position in Stratasys by 7.7% in the fourth quarter. Van ECK Associates Corp now owns 15,380 shares of the technology company’s stock worth $377,000 after acquiring an additional 1,102 shares in the last quarter. Bank of New York Mellon Corp grew its position in Stratasys by 8.8% in the first quarter. Bank of New York Mellon Corp now owns 15,979 shares of the technology company’s stock worth $406,000 after acquiring an additional 1,298 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Stratasys by 4.8% in the second quarter. Envestnet Asset Management Inc. now owns 31,292 shares of the technology company’s stock worth $586,000 after acquiring an additional 1,431 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its position in Stratasys by 55.9% in the first quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 83.86% of the company’s stock.

Stratasys Company Profile

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Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication.

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