Stratasys Ltd. (SSYS) Downgraded to “Buy” at Vetr Inc.
Vetr lowered shares of Stratasys Ltd. (NASDAQ:SSYS) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning. They currently have $26.67 price target on the stock.
Other research analysts have also recently issued research reports about the stock. Needham & Company LLC restated a buy rating and issued a $24.00 target price on shares of Stratasys in a report on Thursday, August 25th. Zacks Investment Research upgraded shares of Stratasys from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Tuesday, June 28th. FBR & Co restated a buy rating and issued a $29.00 target price on shares of Stratasys in a report on Tuesday, June 14th. Pacific Crest restated an equal weight rating on shares of Stratasys in a report on Sunday, June 5th. Finally, Brean Capital restated a hold rating on shares of Stratasys in a report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $25.33.
Stratasys (NASDAQ:SSYS) opened at 23.85 on Wednesday. Stratasys has a 12 month low of $14.48 and a 12 month high of $32.52. The stock has a 50 day moving average of $22.08 and a 200 day moving average of $22.73. The firm’s market capitalization is $1.25 billion.
Stratasys (NASDAQ:SSYS) last issued its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. The firm had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $175.88 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts predict that Stratasys will post $0.32 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of SSYS. Disciplined Growth Investors Inc. MN increased its stake in Stratasys by 3.3% in the first quarter. Disciplined Growth Investors Inc. MN now owns 146,509 shares of the company’s stock worth $3,798,000 after buying an additional 4,625 shares in the last quarter. Teachers Advisors Inc. increased its stake in Stratasys by 7.3% in the first quarter. Teachers Advisors Inc. now owns 80,190 shares of the company’s stock worth $2,079,000 after buying an additional 5,474 shares in the last quarter. Marcus Capital LLC increased its stake in Stratasys by 0.3% in the first quarter. Marcus Capital LLC now owns 40,450 shares of the company’s stock worth $1,048,000 after buying an additional 125 shares in the last quarter. Primecap Management Co. CA increased its stake in Stratasys by 22.0% in the first quarter. Primecap Management Co. CA now owns 4,006,200 shares of the company’s stock worth $103,841,000 after buying an additional 721,200 shares in the last quarter. Finally, AXA increased its stake in Stratasys by 171.6% in the first quarter. AXA now owns 339,670 shares of the company’s stock worth $8,804,000 after buying an additional 214,621 shares in the last quarter. Institutional investors own 63.58% of the company’s stock.
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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