Stratasys Ltd. (SSYS) Receives Outperform Rating from FBR & Co
SSYS has been the subject of a number of other research reports. Vetr lowered Stratasys from a strong-buy rating to a buy rating and set a $26.67 price objective for the company. in a research note on Wednesday, September 28th. Bank of America Corp. reiterated an underperform rating and issued a $23.00 target price on shares of Stratasys in a research report on Thursday, August 25th. Needham & Company LLC reiterated a buy rating and issued a $24.00 target price on shares of Stratasys in a research report on Thursday, August 25th. Zacks Investment Research lowered Stratasys from a strong-buy rating to a hold rating in a research report on Monday, August 1st. Finally, Brean Capital reiterated a hold rating on shares of Stratasys in a research report on Wednesday, August 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Stratasys has a consensus rating of Hold and a consensus price target of $25.41.
Stratasys (NASDAQ:SSYS) traded down 0.24% during midday trading on Monday, hitting $20.54. The stock had a trading volume of 201,572 shares. Stratasys has a one year low of $14.48 and a one year high of $31.35. The stock has a 50-day moving average price of $22.46 and a 200 day moving average price of $22.60. The firm’s market cap is $1.07 billion.
Stratasys (NASDAQ:SSYS) last issued 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. 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 analyst estimates of $175.88 million. During the same quarter last year, the firm earned $0.15 EPS. Stratasys’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts predict that Stratasys will post $0.32 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in SSYS. Primecap Management Co. CA boosted its stake in shares of 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 boosted its stake in shares of 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. Commonwealth Equity Services Inc boosted its stake in shares of Stratasys by 28.5% in the second quarter. Commonwealth Equity Services Inc now owns 14,873 shares of the company’s stock worth $340,000 after buying an additional 3,303 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of 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. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Stratasys during the second quarter worth $201,000. 63.88% of the stock is owned by 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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