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

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

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

Stratasys Stock Up 1.2 %

NASDAQ:SSYS opened at $9.84 on Friday. The company has a market capitalization of $685.45 million, a PE ratio of -5.50 and a beta of 1.33. Stratasys has a 52-week low of $9.43 and a 52-week high of $21.72. The stock has a fifty day simple moving average of $11.07 and a 200-day simple moving average of $11.93.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $156.34 million during the quarter, compared to the consensus estimate of $153.96 million. Stratasys had a negative return on equity of 2.28% and a negative net margin of 19.61%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.03) EPS. As a group, equities analysts anticipate that Stratasys will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. TSP Capital Management Group LLC raised its stake 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 purchasing an additional 177,350 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Stratasys by 10.8% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock valued at $14,688,000 after acquiring an additional 100,000 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Stratasys during the 3rd quarter valued at about $757,000. Ardsley Advisory Partners LP acquired a new position in shares of Stratasys during the 3rd quarter valued at about $1,361,000. Finally, Douglas Lane & Associates LLC increased its stake in shares of Stratasys by 10.5% during the 4th quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock valued at $19,178,000 after acquiring an additional 127,330 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Company Profile

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.