B. Riley reaffirmed their hold rating on shares of Stratasys, Ltd. (NASDAQ:SSYS) in a research note issued to investors on Wednesday morning. They currently have a $30.00 price objective on the technology company’s stock. B. Riley also issued estimates for Stratasys’ Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.05 EPS and Q4 2018 earnings at $0.15 EPS.
A number of other brokerages have also issued reports on SSYS. Loop Capital assumed coverage on Stratasys in a research report on Monday, July 24th. They set a hold rating and a $24.00 target price on the stock. BidaskClub lowered Stratasys from a strong-buy rating to a buy rating in a research report on Wednesday, August 2nd. Cowen and Company reaffirmed a hold rating and set a $23.00 target price on shares of Stratasys in a research report on Sunday, September 17th. FBR & Co reaffirmed a buy rating on shares of Stratasys in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered Stratasys from a buy rating to a hold rating in a research report on Tuesday, July 18th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Stratasys has a consensus rating of Hold and an average target price of $24.74.
Shares of Stratasys (SSYS) opened at $20.98 on Wednesday. Stratasys has a 52-week low of $16.37 and a 52-week high of $30.88. The stock has a market capitalization of $1,110.00, a PE ratio of 149.86, a PEG ratio of 17.48 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 3.32.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The business had revenue of $155.90 million for the quarter, compared to analyst estimates of $160.97 million. The firm’s revenue was down .8% on a year-over-year basis. research analysts predict that Stratasys will post 0.06 EPS for the current year.
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A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in Stratasys by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,976,182 shares of the technology company’s stock valued at $45,690,000 after acquiring an additional 17,809 shares during the period. Dimensional Fund Advisors LP boosted its stake in Stratasys by 46.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,795,494 shares of the technology company’s stock valued at $41,511,000 after acquiring an additional 566,704 shares during the period. State Street Corp boosted its stake in Stratasys by 6.5% in the second quarter. State Street Corp now owns 881,966 shares of the technology company’s stock valued at $20,559,000 after acquiring an additional 53,627 shares during the period. Alyeska Investment Group L.P. boosted its stake in Stratasys by 280.2% in the third quarter. Alyeska Investment Group L.P. now owns 855,447 shares of the technology company’s stock valued at $19,778,000 after acquiring an additional 630,447 shares during the period. Finally, AXA boosted its stake in Stratasys by 36.4% in the second quarter. AXA now owns 766,026 shares of the technology company’s stock valued at $17,856,000 after acquiring an additional 204,629 shares during the period. Institutional investors own 65.84% of the company’s stock.
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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