Stratasys Ltd. (SSYS) Lowered to Hold at Craig Hallum
Other equities research analysts also recently issued research reports about the company. Piper Jaffray Cos. downgraded Stratasys from an overweight rating to a neutral rating and cut their price target for the stock from $32.00 to $24.00 in a report on Monday, July 18th. Vetr upgraded Stratasys from a buy rating to a strong-buy rating and set a $28.67 price target on the stock in a report on Monday, October 3rd. Zacks Investment Research downgraded Stratasys from a strong-buy rating to a hold rating in a report on Monday, August 1st. FBR & Co restated an outperform rating and set a $29.00 price target on shares of Stratasys in a report on Monday, October 3rd. Finally, Brean Capital restated a hold rating on shares of Stratasys in a report on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Stratasys currently has an average rating of Hold and an average target price of $25.22.
Shares of Stratasys (NASDAQ:SSYS) traded up 1.84% during midday trading on Tuesday, reaching $18.28. The company’s stock had a trading volume of 1,750,441 shares. The stock’s 50-day moving average price is $20.98 and its 200-day moving average price is $21.53. Stratasys has a 12-month low of $14.48 and a 12-month high of $30.46. The company’s market cap is $954.53 million.
A number of institutional investors have recently added to or reduced their stakes in SSYS. Penserra Capital Management LLC increased its position in Stratasys by 33.3% in the third quarter. Penserra Capital Management LLC now owns 4,400 shares of the company’s stock valued at $105,000 after buying an additional 1,100 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Stratasys during the third quarter valued at about $145,000. Tower Research Capital LLC TRC acquired a new stake in Stratasys during the second quarter valued at about $164,000. Creative Planning boosted its stake in Stratasys by 109.9% in the second quarter. Creative Planning now owns 8,222 shares of the company’s stock valued at $188,000 after buying an additional 4,305 shares during the period. Finally, Advisor Group Inc. boosted its stake in Stratasys by 93.8% in the third quarter. Advisor Group Inc. now owns 8,360 shares of the company’s stock valued at $201,000 after buying an additional 4,046 shares during the period. 63.64% 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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