Stratasys, Ltd. (SSYS) Stock Rating Upgraded by UBS AG
Stratasys, Ltd. (NASDAQ:SSYS) was upgraded by UBS AG from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Friday.
Several other brokerages have also issued reports on SSYS. Cowen and Company reissued a “hold” rating and set a $23.00 target price on shares of Stratasys in a research note on Sunday, September 17th. Loop Capital assumed coverage on shares of Stratasys in a report on Monday, July 24th. They set a “hold” rating and a $24.00 price objective on the stock. ValuEngine downgraded shares of Stratasys from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Susquehanna Bancshares Inc assumed coverage on shares of Stratasys in a report on Thursday, July 13th. They set a “neutral” rating and a $22.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Stratasys from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.77.
Shares of Stratasys (NASDAQ:SSYS) opened at 23.21 on Friday. Stratasys has a one year low of $16.37 and a one year high of $30.88. The company’s 50 day moving average is $23.04 and its 200-day moving average is $24.29. The firm’s market capitalization is $1.23 billion.
Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.16. The business had revenue of $170.00 million for the quarter, compared to analyst estimates of $167.82 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. Stratasys’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities analysts expect that Stratasys will post $0.37 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of SSYS. Dimensional Fund Advisors LP increased its holdings in Stratasys by 132.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock worth $28,645,000 after buying an additional 700,246 shares during the last quarter. Columbus Circle Investors purchased a new stake in Stratasys during the second quarter worth about $10,407,000. Quantitative Investment Management LLC purchased a new stake in Stratasys during the second quarter worth about $5,216,000. AXA increased its holdings in Stratasys by 36.4% during the second quarter. AXA now owns 766,026 shares of the technology company’s stock worth $17,856,000 after buying an additional 204,629 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in Stratasys by 64.7% during the second quarter. Baillie Gifford & Co. now owns 377,800 shares of the technology company’s stock worth $8,807,000 after buying an additional 148,400 shares during the last quarter. Institutional investors and hedge funds own 67.04% 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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