FBR & Co Reiterates Outperform Rating for Stratasys Ltd. (SSYS)
Stratasys Ltd. (NASDAQ:SSYS)‘s stock had its “outperform” rating reissued by investment analysts at FBR & Co in a note issued to investors on Saturday. They currently have a $24.00 price objective on the stock, down from their prior price objective of $29.00. FBR & Co’s target price points to a potential upside of 28.76% from the stock’s current price.
Several other brokerages have also commented on SSYS. Vetr lowered Stratasys from a “strong-buy” rating to a “buy” rating and set a $26.67 target price on the stock. in a research report on Wednesday, September 28th. Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of Stratasys in a research report on Thursday, August 25th. Bank of America Corp. reiterated an “underperform” rating and issued a $23.00 price target on shares of Stratasys in a report on Thursday, August 25th. Brean Capital reiterated a “hold” rating on shares of Stratasys in a report on Wednesday, August 24th. Finally, Zacks Investment Research lowered Stratasys from a “strong-buy” rating to a “hold” rating in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Stratasys has an average rating of “Hold” and a consensus price target of $23.97.
Stratasys (NASDAQ:SSYS) traded down 0.11% on Friday, hitting $18.64. The company’s stock had a trading volume of 1,036,089 shares. The firm has a 50 day moving average of $20.60 and a 200-day moving average of $21.46. The stock’s market cap is $980.45 million. Stratasys has a 12 month low of $14.48 and a 12 month high of $30.46.
A number of hedge funds have recently added to or reduced their stakes in SSYS. Penserra Capital Management LLC increased its stake in Stratasys by 33.3% in the third quarter. Penserra Capital Management LLC now owns 4,400 shares of the company’s stock worth $105,000 after buying an additional 1,100 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in Stratasys during the third quarter worth about $145,000. Tower Research Capital LLC TRC purchased a new stake in Stratasys during the second quarter worth about $164,000. Creative Planning increased its stake in Stratasys by 109.9% in the second quarter. Creative Planning now owns 8,222 shares of the company’s stock worth $188,000 after buying an additional 4,305 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in Stratasys by 93.8% in the third quarter. Advisor Group Inc. now owns 8,360 shares of the company’s stock worth $201,000 after buying an additional 4,046 shares in the last quarter. 63.64% of the stock is owned by institutional investors and hedge funds.
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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