Stratasys Ltd. (SSYS) Issues FY16 Earnings Guidance
Stratasys Ltd. (NASDAQ:SSYS) updated its FY16 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.13-0.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34. The company issued revenue guidance of $662-673 million, compared to the consensus revenue estimate of $701.43 million.
A number of equities analysts have commented on the company. Craig Hallum downgraded Stratasys from a buy rating to a hold rating in a research note on Tuesday. Brean Capital restated a hold rating on shares of Stratasys in a research note on Monday, August 8th. FBR & Co restated an outperform rating and issued a $29.00 target price on shares of Stratasys in a research note on Monday, October 3rd. Piper Jaffray Cos. restated a neutral rating and issued a $23.00 target price on shares of Stratasys in a research note on Saturday, October 15th. Finally, Vetr upgraded Stratasys from a buy rating to a strong-buy rating and set a $28.67 target price for the company in a research note on Monday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Stratasys has a consensus rating of Hold and a consensus price target of $25.47.
Stratasys Ltd. (NASDAQ:SSYS) opened at 17.95 on Wednesday. Stratasys Ltd. has a 12-month low of $14.48 and a 12-month high of $30.46. The firm has a 50 day moving average price of $20.98 and a 200 day moving average price of $21.53. The company’s market cap is $937.30 million.
Hedge funds have recently bought and sold shares of the company. Zacks Investment Management purchased a new stake in Stratasys during the second quarter valued at $501,000. Parametric Portfolio Associates LLC raised its stake in Stratasys by 24.9% in the second quarter. Parametric Portfolio Associates LLC now owns 72,318 shares of the company’s stock valued at $1,655,000 after buying an additional 14,439 shares during the last quarter. KCG Holdings Inc. purchased a new stake in Stratasys during the second quarter valued at $260,000. UBS Oconnor LLC purchased a new stake in Stratasys during the second quarter valued at $12,856,000. Finally, Hsbc Holdings PLC raised its stake in Stratasys by 24.6% in the second quarter. Hsbc Holdings PLC now owns 9,632 shares of the company’s stock valued at $220,000 after buying an additional 1,900 shares during the last quarter. 63.64% 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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