StockNews.com Initiates Coverage on Stratasys (NASDAQ:SSYS)

Stock analysts at StockNews.com assumed coverage on shares of Stratasys (NASDAQ:SSYS) in a research note issued to investors on Saturday. The firm set a “buy” rating on the technology company’s stock.

Separately, Cantor Fitzgerald began coverage on shares of Stratasys in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 price objective for the company.

Stratasys Trading Up 2.7 %

Shares of NASDAQ SSYS opened at $10.02 on Friday. Stratasys has a 12-month low of $9.43 and a 12-month high of $21.72. The stock has a market cap of $697.95 million, a PE ratio of -5.60 and a beta of 1.29. The company has a 50-day moving average of $11.43 and a 200 day moving average of $12.01.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $156.34 million for the quarter, compared to analyst estimates of $153.96 million. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. Stratasys’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS. On average, sell-side analysts forecast that Stratasys will post -0.29 EPS for the current fiscal year.

Institutional Trading of Stratasys

Several institutional investors have recently added to or reduced their stakes in SSYS. Rubric Capital Management LP lifted its holdings in Stratasys by 366.7% in the fourth quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock worth $60,690,000 after purchasing an additional 3,339,367 shares during the period. Norges Bank acquired a new stake in Stratasys in the 4th quarter valued at about $6,706,000. Pinnacle Associates Ltd. lifted its holdings in Stratasys by 42.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,063,482 shares of the technology company’s stock valued at $14,474,000 after acquiring an additional 315,868 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Stratasys by 24.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 928,580 shares of the technology company’s stock valued at $12,638,000 after acquiring an additional 185,000 shares during the last quarter. Finally, TSP Capital Management Group LLC lifted its holdings in Stratasys by 71.2% in the 4th quarter. TSP Capital Management Group LLC now owns 426,400 shares of the technology company’s stock valued at $6,089,000 after acquiring an additional 177,350 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

About Stratasys

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 selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.