Stratasys (NASDAQ:SSYS)‘s stock had its “hold” rating reissued by stock analysts at B. Riley in a report issued on Wednesday, November 15th. They currently have a $30.00 target price on the technology company’s stock. B. Riley’s price objective would indicate a potential upside of 44.51% from the company’s previous close. 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.
Several other equities analysts also recently issued reports on SSYS. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, August 25th. FBR & Co reaffirmed a “buy” rating on shares of Stratasys in a research report on Wednesday, July 19th. ValuEngine downgraded Stratasys from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Susquehanna Bancshares raised shares of Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price on the stock in a research note on Friday, October 20th. Finally, Citigroup raised shares of Stratasys from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $32.00 to $29.00 in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.74.
Shares of Stratasys (SSYS) traded down $0.95 during trading on Wednesday, hitting $20.76. The stock had a trading volume of 809,001 shares, compared to its average volume of 783,186. Stratasys has a fifty-two week low of $16.37 and a fifty-two week high of $30.88. The stock has a market capitalization of $1,155.02, a P/E ratio of 155.07, a price-to-earnings-growth ratio of 6.58 and a beta of 1.40. The company has a quick ratio of 2.82, a current ratio of 3.58 and a debt-to-equity ratio of 0.02.
Stratasys (NASDAQ:SSYS) last issued its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $155.90 million for the quarter, compared to analysts’ expectations of $160.97 million. Stratasys’s revenue for the quarter was down .8% compared to the same quarter last year. analysts forecast that Stratasys will post 0.17 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in SSYS. Ameritas Investment Partners Inc. lifted its position in Stratasys by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after acquiring an additional 458 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Stratasys in the second quarter valued at $184,000. Advisor Group Inc. increased its stake in Stratasys by 6.8% in the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock valued at $193,000 after purchasing an additional 528 shares during the period. SG Americas Securities LLC increased its stake in Stratasys by 24.8% in the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock valued at $197,000 after purchasing an additional 1,674 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Stratasys in the second quarter valued at $200,000. 73.36% of the stock is owned by institutional investors and hedge funds.
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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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