Stratasys Ltd. (SSYS) Given Hold Rating at Stifel Nicolaus
Stifel Nicolaus restated their hold rating on shares of Stratasys Ltd. (NASDAQ:SSYS) in a report issued on Friday. They currently have a $19.00 target price on the stock, down from their previous target price of $23.00.
A number of other analysts have also recently weighed in on the stock. Vetr raised shares of Stratasys from a buy rating to a strong-buy rating and set a $28.67 target price on the stock in a research note on Monday, October 3rd. FBR & Co restated an outperform rating and issued a $29.00 price target on shares of Stratasys in a research report on Monday, October 3rd. Zacks Investment Research lowered shares of Stratasys from a strong-buy rating to a hold rating in a research report on Monday, August 1st. Brean Capital restated a hold rating on shares of Stratasys in a research report on Monday, August 8th. Finally, Needham & Company LLC restated a buy rating and issued a $24.00 price target on shares of Stratasys in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $23.97.
Stratasys (NASDAQ:SSYS) traded down 0.91% on Friday, reaching $18.47. 225,872 shares of the company’s stock traded hands. Stratasys has a 52-week low of $14.48 and a 52-week high of $30.46. The firm’s 50 day moving average price is $20.69 and its 200 day moving average price is $21.48. The firm’s market capitalization is $971.50 million.
Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC boosted 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 bought a new stake in Stratasys during the third quarter worth about $145,000. Tower Research Capital LLC TRC bought a new stake in Stratasys during the second quarter worth 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 worth $188,000 after buying an additional 4,305 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Stratasys by 165.9% in the second quarter. BlackRock Inc. now owns 8,625 shares of the company’s stock worth $197,000 after buying an additional 5,381 shares in the last quarter. Institutional investors own 64.06% of the company’s stock.
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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