Stratasys Ltd. (NASDAQ:SSYS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Stratasys Ltd. (NASDAQ:SSYS) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $11.40.

SSYS has been the subject of a number of analyst reports. StockNews.com cut shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Needham & Company LLC lifted their price objective on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Lake Street Capital reduced their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Cantor Fitzgerald decreased their price target on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, Loop Capital cut their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th.

Institutional Trading of Stratasys

Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in shares of Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after buying an additional 2,483 shares during the period. Barclays PLC grew its stake in Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after buying an additional 1,525 shares during the last quarter. Geode Capital Management LLC grew its stake in Stratasys by 42.2% during the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock worth $560,000 after buying an additional 20,012 shares during the last quarter. Jane Street Group LLC lifted its stake in Stratasys by 17.4% in the third quarter. Jane Street Group LLC now owns 103,218 shares of the technology company’s stock valued at $858,000 after buying an additional 15,318 shares during the last quarter. Finally, State Street Corp lifted its stake in Stratasys by 1.4% in the third quarter. State Street Corp now owns 105,578 shares of the technology company’s stock valued at $877,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

Stratasys Price Performance

Shares of SSYS opened at $10.08 on Friday. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.93. The stock’s 50-day moving average is $8.47 and its two-hundred day moving average is $8.22. The stock has a market cap of $719.51 million, a PE ratio of -7.64 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. The business had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company’s revenue was down 13.6% on a year-over-year basis. During the same period last year, the business posted ($0.05) EPS. On average, research analysts anticipate that Stratasys will post -0.4 earnings per share 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.