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

StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a report issued on Monday. The firm issued a buy rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Cantor Fitzgerald reiterated an overweight rating and issued a $23.00 target price on shares of Stratasys in a research note on Thursday, May 30th. Craig Hallum lowered their target price on shares of Stratasys from $16.00 to $14.00 and set a buy rating on the stock in a research note on Monday, July 1st. Finally, Needham & Company LLC lowered their price objective on shares of Stratasys from $16.00 to $12.00 and set a buy rating on the stock in a research report on Thursday, May 30th.

Stratasys Price Performance

NASDAQ SSYS opened at $8.80 on Monday. Stratasys has a 1 year low of $8.02 and a 1 year high of $21.72. The stock has a market capitalization of $613.01 million, a PE ratio of -4.81 and a beta of 1.21. The company’s 50 day simple moving average is $8.93 and its two-hundred day simple moving average is $11.11.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, May 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.15). Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. The business had revenue of $144.05 million for the quarter, compared to analysts’ expectations of $147.53 million. On average, research analysts anticipate that Stratasys will post -0.28 EPS for the current year.

Institutional Trading of Stratasys

A number of hedge funds have recently made changes to their positions in SSYS. Rubric Capital Management LP lifted its holdings in shares of Stratasys by 366.7% during the 4th quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock worth $60,690,000 after acquiring an additional 3,339,367 shares during the last quarter. Norges Bank bought a new stake in Stratasys in the fourth quarter worth $6,706,000. TSP Capital Management Group LLC lifted its stake in Stratasys by 71.2% in the fourth quarter. TSP Capital Management Group LLC now owns 426,400 shares of the technology company’s stock worth $6,089,000 after purchasing an additional 177,350 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in Stratasys by 9.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock worth $24,192,000 after purchasing an additional 140,841 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its stake in Stratasys by 10.5% in the fourth 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 during the last quarter. 75.77% of the stock is owned by institutional investors.

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.