BidaskClub cut shares of Stratasys (NASDAQ:SSYS) from a hold rating to a sell rating in a report published on Friday, December 29th.
SSYS has been the subject of several other research reports. Zacks Investment Research upgraded shares of Stratasys from a hold rating to a buy rating and set a $26.00 price target for the company in a report on Friday, September 22nd. Susquehanna Bancshares upgraded shares of Stratasys from a neutral rating to a positive rating and set a $22.00 target price for the company in a report on Friday, October 20th. KeyCorp restated a hold rating on shares of Stratasys in a report on Friday, October 27th. Needham & Company LLC restated a hold rating on shares of Stratasys in a report on Friday, October 13th. Finally, Loop Capital reduced their target price on shares of Stratasys from $24.00 to $21.00 and set a hold rating for the company in a report on Wednesday, November 15th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Stratasys has a consensus rating of Hold and an average target price of $24.87.
Stratasys (SSYS) opened at $23.24 on Friday. The firm has a market cap of $1,190.00, a P/E ratio of -21.92, a PEG ratio of 4.05 and a beta of 1.41. Stratasys has a 1-year low of $18.04 and a 1-year high of $30.88. 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 released its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $155.90 million during the quarter, compared to analysts’ expectations of $160.97 million. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. sell-side analysts expect that Stratasys will post 0.17 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Stratasys by 132.5% in 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. Alyeska Investment Group L.P. raised its position in shares of 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 purchasing an additional 630,447 shares during the period. AXA raised its position in shares of Stratasys by 38.1% in the third quarter. AXA now owns 1,058,110 shares of the technology company’s stock valued at $24,464,000 after purchasing an additional 292,084 shares during the period. Vident Investment Advisory LLC raised its position in shares of Stratasys by 71.9% in the third quarter. Vident Investment Advisory LLC now owns 542,814 shares of the technology company’s stock valued at $12,550,000 after purchasing an additional 227,087 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in shares of Stratasys in the second quarter valued at about $5,216,000. Hedge funds and other institutional investors own 70.99% of the company’s stock.
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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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