Shares of Stratasys, Ltd. (NASDAQ:SSYS) have received an average rating of “Hold” from the twenty-four analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $23.93.
SSYS has been the topic of a number of recent analyst reports. KeyCorp reissued a “hold” rating on shares of Stratasys in a research note on Friday. Cowen and Company reissued a “market perform” rating and issued a $23.00 price objective (down from $27.00) on shares of Stratasys in a research note on Thursday, August 10th. Zacks Investment Research downgraded Stratasys from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub downgraded Stratasys from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and cut their price objective for the company from $32.00 to $29.00 in a research note on Thursday, August 10th.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in shares of Stratasys by 1.0% during 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 purchasing an additional 31,339 shares during the period. Bank of New York Mellon Corp increased its position in shares of Stratasys by 2.0% during 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 purchasing an additional 37,740 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Stratasys by 132.5% during 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 purchasing an additional 700,246 shares during the period. State Street Corp increased its position in shares of Stratasys by 6.5% during the second quarter. State Street Corp now owns 881,966 shares of the technology company’s stock valued at $20,559,000 after purchasing an additional 53,627 shares during the period. Finally, AXA increased its position in shares of Stratasys by 36.4% during the second quarter. AXA now owns 766,026 shares of the technology company’s stock valued at $17,856,000 after purchasing an additional 204,629 shares during the period. Institutional investors and hedge funds own 67.01% of the company’s stock.
Stratasys (NASDAQ:SSYS) traded down 2.77% during mid-day trading on Friday, reaching $22.08. 1,022,318 shares of the company were exchanged. The company’s market cap is $1.17 billion. The stock’s 50-day moving average is $23.05 and its 200-day moving average is $24.38. Stratasys has a 12 month low of $16.37 and a 12 month high of $30.88.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.16. The business had revenue of $170.00 million during the quarter, compared to analyst estimates of $167.82 million. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. Equities analysts expect that Stratasys will post $0.37 earnings per share for the current year.
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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