Stratasys, Ltd. (SSYS) Receives “Hold” Rating from B. Riley
Stratasys, Ltd. (NASDAQ:SSYS)‘s stock had its “hold” rating reaffirmed by B. Riley in a research report issued to clients and investors on Wednesday. They presently have a $30.00 target price on the technology company’s stock. B. Riley’s price target suggests a potential upside of 43.77% from the stock’s current price.
Several other equities analysts have also weighed in on SSYS. Zacks Investment Research lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. FBR & Co reaffirmed a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. Loop Capital initiated coverage on shares of Stratasys in a report on Monday, July 24th. They set a “hold” rating and a $24.00 target price for the company. BidaskClub lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $30.00 target price on shares of Stratasys in a report on Friday, August 4th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.07.
Stratasys (NASDAQ SSYS) traded up $0.51 during trading hours on Wednesday, hitting $20.87. 536,193 shares of the stock traded hands, compared to its average volume of 791,897. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 3.32. The stock has a market cap of $1,080.00, a price-to-earnings ratio of 149.86, a price-to-earnings-growth ratio of 17.48 and a beta of 1.40. 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 Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $155.90 million during the quarter, compared to analyst estimates of $160.97 million. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. Stratasys’s revenue for the quarter was down .8% on a year-over-year basis. equities research analysts forecast that Stratasys will post 0.06 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its stake in Stratasys by 11.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after purchasing an additional 458 shares during the last quarter. Advisor Group Inc. boosted its stake in Stratasys by 6.8% during the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after purchasing an additional 528 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Stratasys by 1.1% during the 2nd quarter. New York State Common Retirement Fund now owns 63,343 shares of the technology company’s stock worth $1,477,000 after purchasing an additional 684 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Stratasys by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,357 shares of the technology company’s stock worth $871,000 after purchasing an additional 718 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Stratasys by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 57,006 shares of the technology company’s stock worth $1,329,000 after purchasing an additional 889 shares during the last quarter. 65.84% of the stock is currently 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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