Stratasys Ltd. (NASDAQ:SSYS) Sees Large Decline in Short Interest

Stratasys Ltd. (NASDAQ:SSYS) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 746,000 shares, a decline of 19.5% from the November 30th total of 927,200 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 624,400 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

SSYS has been the subject of a number of analyst reports. Loop Capital cut their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Needham & Company LLC boosted their target price on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Finally, Craig Hallum lifted their price objective on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Stratasys currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Stratasys during the 3rd quarter worth about $90,000. Stifel Financial Corp increased its holdings in Stratasys by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after purchasing an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Stratasys during the 3rd quarter valued at $210,000. Verition Fund Management LLC purchased a new position in Stratasys during the third quarter worth about $322,000. Finally, Tidal Investments LLC grew its holdings in shares of Stratasys by 4.6% in the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after acquiring an additional 2,483 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors.

Stratasys Stock Down 3.0 %

Shares of NASDAQ SSYS traded down $0.27 during mid-day trading on Monday, reaching $8.88. 526,784 shares of the company were exchanged, compared to its average volume of 523,570. Stratasys has a twelve month low of $6.05 and a twelve month high of $14.33. The stock has a market capitalization of $633.84 million, a P/E ratio of -6.73 and a beta of 1.31. The company’s 50-day simple moving average is $8.97 and its 200-day simple moving average is $8.25.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. As a group, equities research analysts expect that Stratasys will post -0.4 EPS for the current year.

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.