Stratasys Ltd. (SSYS) Given “Neutral” Rating at Piper Jaffray Cos.
Stratasys Ltd. (NASDAQ:SSYS)‘s stock had its “neutral” rating restated by equities research analysts at Piper Jaffray Cos. in a research note issued on Saturday. They presently have a $23.00 price objective on the stock. Piper Jaffray Cos.’s target price suggests a potential upside of 10.63% from the company’s previous close.
A number of other research firms have also recently issued reports on SSYS. FBR & Co reiterated an “outperform” rating and issued a $29.00 price objective on shares of Stratasys in a report on Monday, October 3rd. Vetr cut Stratasys from a “strong-buy” rating to a “buy” rating and set a $26.67 price objective for the company. in a report on Wednesday, September 28th. Bank of America Corp. reiterated an “underperform” rating and issued a $23.00 price objective on shares of Stratasys in a report on Thursday, August 25th. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price objective on shares of Stratasys in a report on Thursday, August 25th. Finally, Brean Capital reiterated a “hold” rating on shares of Stratasys in a report on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Stratasys currently has a consensus rating of “Hold” and a consensus target price of $25.41.
Shares of Stratasys (NASDAQ:SSYS) traded down 2.07% during midday trading on Friday, reaching $20.79. The company’s stock had a trading volume of 940,571 shares. The company’s 50-day moving average price is $22.53 and its 200 day moving average price is $22.67. Stratasys has a 12-month low of $14.48 and a 12-month high of $31.35. The company’s market capitalization is $1.09 billion.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Stratasys had a negative return on equity of 1.31% and a negative net margin of 177.98%. The firm earned $172.10 million during the quarter, compared to analysts’ expectations of $175.88 million. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts forecast that Stratasys will post $0.32 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of SSYS. Fox Run Management L.L.C. bought a new position in Stratasys during the third quarter worth $470,000. Daiwa SB Investments Ltd. bought a new position in Stratasys during the third quarter worth $1,238,000. Fisher Asset Management LLC raised its position in Stratasys by 2.7% in the third quarter. Fisher Asset Management LLC now owns 3,195,757 shares of the company’s stock worth $76,986,000 after buying an additional 84,023 shares during the period. BNP Paribas Arbitrage SA raised its position in Stratasys by 47.1% in the third quarter. BNP Paribas Arbitrage SA now owns 120,629 shares of the company’s stock worth $2,906,000 after buying an additional 38,639 shares during the period. Finally, American Century Companies Inc. bought a new position in Stratasys during the second quarter worth $2,934,000. 63.58% of the stock is owned by institutional investors.
Stratasys Company Profile
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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