Stratasys Ltd. (SSYS) Raised to Strong-Buy at Vetr Inc.
Stratasys Ltd. (NASDAQ:SSYS) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage currently has a $28.67 price objective on the stock. Vetr‘s price target would indicate a potential upside of 20.56% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Piper Jaffray Cos. lowered shares of Stratasys from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $32.00 to $24.00 in a research note on Monday, July 18th. Needham & Company LLC restated a “buy” rating and set a $26.00 price target on shares of Stratasys in a research note on Thursday, June 9th. Zacks Investment Research lowered shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 1st. Brean Capital restated a “hold” rating on shares of Stratasys in a research note on Monday, August 8th. Finally, FBR & Co restated an “outperform” rating and set a $29.00 price target on shares of Stratasys in a research note on Monday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.48.
Stratasys (NASDAQ:SSYS) traded down 1.29% during midday trading on Monday, hitting $23.78. The stock had a trading volume of 942,632 shares. The company has a 50-day moving average of $22.33 and a 200-day moving average of $22.74. The stock’s market cap is $1.24 billion. Stratasys has a 1-year low of $14.48 and a 1-year high of $32.52.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company earned $172.10 million during the quarter, compared to analyst estimates of $175.88 million. During the same quarter last year, the business posted $0.15 EPS. Stratasys’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts forecast that Stratasys will post $0.32 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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. 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. Finally, Geode Capital Management LLC increased its stake in Stratasys by 10.0% in the first quarter. Geode Capital Management LLC now owns 75,190 shares of the company’s stock worth $1,948,000 after buying an additional 6,833 shares in the last quarter. 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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