Stratasys (NASDAQ:SSYS) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Stratasys (NASDAQ:SSYSFree Report) in a report published on Wednesday morning. The firm issued a buy rating on the technology company’s stock.

Separately, Needham & Company LLC reiterated a buy rating and set a $16.00 price target on shares of Stratasys in a research report on Tuesday, December 26th.

View Our Latest Report on Stratasys

Stratasys Trading Down 0.6 %

Stratasys stock opened at $13.15 on Wednesday. Stratasys has a fifty-two week low of $9.95 and a fifty-two week high of $21.72. The business’s 50-day simple moving average is $13.18 and its two-hundred day simple moving average is $13.15.

Stratasys (NASDAQ:SSYSGet Free Report) last issued its earnings results on Thursday, November 16th. The technology company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Stratasys had a negative return on equity of 1.99% and a negative net margin of 17.53%. The firm had revenue of $162.13 million for the quarter, compared to the consensus estimate of $161.72 million. As a group, analysts expect that Stratasys will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Stratasys by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,951,611 shares of the technology company’s stock valued at $52,422,000 after buying an additional 219,286 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Stratasys by 5.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,620,325 shares of the technology company’s stock worth $37,741,000 after purchasing an additional 140,780 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Stratasys by 9.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,386,788 shares of the technology company’s stock worth $19,803,000 after purchasing an additional 119,922 shares in the last quarter. Douglas Lane & Associates LLC grew its stake in Stratasys by 10.5% during the 4th quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock worth $19,178,000 after purchasing an additional 127,330 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in Stratasys by 42.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,063,482 shares of the technology company’s stock worth $14,474,000 after purchasing an additional 315,868 shares in the last quarter. 72.65% of the stock is owned by institutional investors and hedge funds.

About Stratasys

(Get Free Report)

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.

Featured Articles

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.