Stratasys, Ltd. (NASDAQ:SSYS) – Investment analysts at Jefferies Group cut their Q4 2018 earnings per share estimates for shares of Stratasys in a research note issued on Wednesday. Jefferies Group analyst J. Kisner now expects that the technology company will post earnings of $0.16 per share for the quarter, down from their previous forecast of $0.17. Jefferies Group currently has a “Hold” rating and a $30.00 target price on the stock.

A number of other research analysts also recently issued reports on the stock. Deutsche Bank AG decreased their price target on shares of Stratasys from $31.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, August 10th. Cowen and Company reiterated a “market perform” rating and issued a $23.00 price target (down previously from $27.00) on shares of Stratasys in a research note on Thursday, August 10th. Citigroup Inc. upgraded shares of Stratasys from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $32.00 to $29.00 in a research note on Thursday, August 10th. BidaskClub downgraded shares of Stratasys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Loop Capital began coverage on shares of Stratasys in a research note on Monday, July 24th. They issued a “hold” rating and a $24.00 price target for the company. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Stratasys presently has an average rating of “Hold” and an average price target of $23.83.

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Stratasys (NASDAQ:SSYS) traded down 3.19% during midday trading on Monday, reaching $22.15. 385,104 shares of the company were exchanged. The firm has a 50-day moving average price of $23.69 and a 200-day moving average price of $23.42. The company’s market capitalization is $1.17 billion. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.88.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.16. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The company had revenue of $170 million during the quarter, compared to analysts’ expectations of $167.82 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. Stratasys’s revenue for the quarter was down 1.2% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Primecap Management Co. CA increased its stake in Stratasys by 25.6% in the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock valued at $128,903,000 after buying an additional 1,281,000 shares during the period. Fisher Asset Management LLC increased its stake in Stratasys by 1.0% in the second quarter. Fisher Asset Management LLC now owns 3,098,571 shares of the technology company’s stock valued at $72,228,000 after buying an additional 31,339 shares during the period. Bank of New York Mellon Corp increased its stake in Stratasys by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 1,958,373 shares of the technology company’s stock valued at $45,649,000 after buying an additional 37,740 shares during the period. Riverbridge Partners LLC increased its stake in Stratasys by 3.3% in the first quarter. Riverbridge Partners LLC now owns 1,845,424 shares of the technology company’s stock valued at $37,813,000 after buying an additional 59,249 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Stratasys by 132.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock valued at $28,645,000 after buying an additional 700,246 shares during the period. Hedge funds and other institutional investors own 67.32% of the company’s stock.

About Stratasys

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.

Earnings History and Estimates for Stratasys (NASDAQ:SSYS)

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