Stratasys Ltd. (SSYS) Given Outperform Rating at FBR & Co
Stratasys Ltd. (NASDAQ:SSYS)‘s stock had its “outperform” rating reiterated by stock analysts at FBR & Co in a research note issued on Monday. They presently have a $29.00 price objective on the stock. FBR & Co’s price target indicates a potential upside of 20.38% from the stock’s previous close.
SSYS has been the topic of several other reports. Vetr lowered Stratasys from a “strong-buy” rating to a “buy” rating and set a $26.67 target price on the stock. in a report on Wednesday, September 28th. Bank of America Corp. reaffirmed an “underperform” rating and set a $23.00 target price on shares of Stratasys in a report on Thursday, August 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Stratasys in a report on Thursday, August 25th. Pacific Crest reaffirmed an “equal weight” rating on shares of Stratasys in a report on Sunday, June 5th. Finally, Zacks Investment Research lowered Stratasys from a “strong-buy” rating to a “hold” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Stratasys presently has an average rating of “Hold” and a consensus price target of $25.33.
Shares of Stratasys (NASDAQ:SSYS) traded down 0.174% during trading on Monday, hitting $24.048. The stock had a trading volume of 377,972 shares. The stock has a 50-day moving average price of $22.25 and a 200 day moving average price of $22.74. The company’s market cap is $1.26 billion. Stratasys has a 12 month low of $14.48 and a 12 month high of $32.52.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $172.10 million for the quarter, compared to analyst estimates of $175.88 million. Stratasys had a negative return on equity of 1.31% and a negative net margin of 177.98%. The company’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 earnings per share. Equities analysts expect that Stratasys will post $0.32 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of SSYS. Primecap Management Co. CA boosted 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 valued at $103,841,000 after buying an additional 721,200 shares during the period. Fisher Asset Management LLC boosted its stake in Stratasys by 3.5% in the second quarter. Fisher Asset Management LLC now owns 3,111,734 shares of the company’s stock valued at $70,138,000 after buying an additional 105,971 shares during the period. UBS Oconnor LLC acquired a new stake in Stratasys during the second quarter valued at about $12,856,000. AXA boosted its stake in Stratasys by 11.9% in the second quarter. AXA now owns 380,000 shares of the company’s stock valued at $8,698,000 after buying an additional 40,330 shares during the period. Finally, Cortina Asset Management LLC boosted its stake in Stratasys by 107.2% in the second quarter. Cortina Asset Management LLC now owns 203,673 shares of the company’s stock valued at $4,662,000 after buying an additional 105,373 shares during the period. 63.58% of the stock is owned by hedge funds and other institutional investors.
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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