Stratasys Ltd. (NASDAQ:SSYS) Given Average Rating of “Moderate Buy” by Analysts

Stratasys Ltd. (NASDAQ:SSYSGet Rating) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.17.

Several equities analysts have commented on the stock. William Blair upgraded shares of Stratasys from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 8th. They noted that the move was a valuation call. StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Craig Hallum reduced their target price on Stratasys to $21.00 in a report on Wednesday, November 16th. Finally, Needham & Company LLC raised Stratasys from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, January 4th.

Stratasys Price Performance

NASDAQ SSYS opened at $13.89 on Wednesday. The firm’s 50-day moving average is $13.01 and its two-hundred day moving average is $15.22. Stratasys has a 12 month low of $11.03 and a 12 month high of $28.00. The stock has a market capitalization of $786.45 million, a P/E ratio of -28.94 and a beta of 1.32.

Stratasys (NASDAQ:SSYSGet Rating) last issued its quarterly earnings results on Thursday, November 10th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The business had revenue of $162.19 million for the quarter, compared to analysts’ expectations of $165.86 million. Stratasys had a negative net margin of 4.77% and a negative return on equity of 2.80%. As a group, analysts anticipate that Stratasys will post -0.4 EPS for the current year.

Institutional Trading of Stratasys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC grew its holdings in shares of Stratasys by 6.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 13,500 shares of the technology company’s stock worth $253,000 after purchasing an additional 830 shares during the period. Banque Cantonale Vaudoise lifted its position in Stratasys by 22.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 5,442 shares of the technology company’s stock worth $79,000 after acquiring an additional 1,005 shares in the last quarter. Vanguard Group Inc. lifted its position in Stratasys by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 45,650 shares of the technology company’s stock worth $658,000 after acquiring an additional 1,213 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Stratasys by 8.8% during the 1st 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. Finally, Envestnet Asset Management Inc. lifted its position in Stratasys by 4.8% during the 2nd 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. Hedge funds and other institutional investors own 83.16% of the company’s stock.

Stratasys Company Profile

(Get Rating)

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.

Featured Articles

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.