Stratasys Ltd (NASDAQ:SSYS) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.67.
SSYS has been the subject of a number of recent analyst reports. TheStreet downgraded Stratasys from a “c-” rating to a “d+” rating in a report on Thursday, May 14th. ValuEngine raised Stratasys from a “hold” rating to a “buy” rating in a report on Friday, June 19th. JPMorgan Chase & Co. raised shares of Stratasys from a “neutral” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, June 2nd. Craig Hallum upped their target price on shares of Stratasys from $15.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, June 3rd. Finally, BidaskClub lowered shares of Stratasys from a “sell” rating to a “strong sell” rating in a research note on Friday, July 10th.
Several institutional investors and hedge funds have recently made changes to their positions in SSYS. California Public Employees Retirement System grew its holdings in shares of Stratasys by 0.9% during the second quarter. California Public Employees Retirement System now owns 115,838 shares of the technology company’s stock worth $1,837,000 after buying an additional 977 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Stratasys by 9.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 12,512 shares of the technology company’s stock valued at $199,000 after acquiring an additional 1,131 shares during the last quarter. Alps Advisors Inc. lifted its position in Stratasys by 2.6% during the 2nd quarter. Alps Advisors Inc. now owns 51,591 shares of the technology company’s stock worth $818,000 after acquiring an additional 1,293 shares during the period. Toroso Investments LLC grew its stake in shares of Stratasys by 13.3% in the 2nd quarter. Toroso Investments LLC now owns 12,283 shares of the technology company’s stock valued at $195,000 after purchasing an additional 1,438 shares during the last quarter. Finally, CSat Investment Advisory L.P. increased its holdings in shares of Stratasys by 23.7% in the first quarter. CSat Investment Advisory L.P. now owns 10,845 shares of the technology company’s stock valued at $173,000 after purchasing an additional 2,081 shares during the period. Institutional investors and hedge funds own 76.64% of the company’s stock.
Shares of NASDAQ SSYS traded down $0.31 during midday trading on Friday, reaching $14.04. The company had a trading volume of 1,416,109 shares, compared to its average volume of 807,155. The company has a quick ratio of 3.13, a current ratio of 4.30 and a debt-to-equity ratio of 0.01. Stratasys has a one year low of $12.18 and a one year high of $25.52. The stock has a market cap of $764.35 million, a PE ratio of -12.88 and a beta of 1.53. The firm’s fifty day moving average price is $14.91 and its 200-day moving average price is $16.29.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.07. The business had revenue of $117.60 million for the quarter, compared to analyst estimates of $121.74 million. Stratasys had a negative net margin of 10.46% and a negative return on equity of 1.97%. The company’s revenue was down 27.9% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. As a group, equities research analysts expect that Stratasys will post -0.67 EPS for the current year.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
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