Stratasys (SSYS) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a report released on Monday. The firm currently has $25.00 target price on the technology company’s stock.

According to Zacks, “Stratasys is one of the leading 3D printing solution providers. The stock has outperformed the broader market in the last one year period. We are positive about Stratasys’ turnaround strategies which include launching innovative products, strategic partnerships and acquisitions. The company’s sustained focus on launching new products and entering into strategic partnerships will drive long-term growth. The initiatives will help Stratasys to gain more market share as the prospect of 3D printing industry appears bright. Notably, data from the MarketsandMarkets report 2017 revealed that the worldwide 3D printing industry is expected to grow at a CAGR of 25.76% through 2017 to 2023.  Nonetheless, we remain concerned about the company’s declining gross margin which has been impacted by the incremental sales generated from the lower-margin products of acquired businesses including MakerBot, Solid Concepts and Harvest Technologies.”

A number of other research firms have also recently commented on SSYS. UBS Group upgraded Stratasys from a neutral rating to a positive rating in a report on Friday, October 20th. BidaskClub upgraded Stratasys from a sell rating to a hold rating in a report on Saturday, January 6th. Cowen reiterated a hold rating and issued a $23.00 price objective on shares of Stratasys in a report on Sunday, September 17th. Citigroup set a $29.00 price objective on Stratasys and gave the company a buy rating in a report on Wednesday, November 15th. Finally, B. Riley reiterated a hold rating and issued a $30.00 price objective on shares of Stratasys in a report on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $24.94.

Stratasys (NASDAQ SSYS) traded up $0.39 on Monday, reaching $22.79. The company had a trading volume of 520,600 shares, compared to its average volume of 651,833. Stratasys has a 12-month low of $18.04 and a 12-month high of $30.88. The firm has a market capitalization of $1,210.00, a PE ratio of -21.50, a PEG ratio of 4.07 and a beta of 1.41. 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 data on Tuesday, November 14th. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down .8% compared to the same quarter last year. equities analysts predict that Stratasys will post 0.17 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in SSYS. AXA increased its position in shares of Stratasys by 38.1% during the third quarter. AXA now owns 1,058,110 shares of the technology company’s stock worth $24,464,000 after acquiring an additional 292,084 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Stratasys during the second quarter worth $227,000. Alyeska Investment Group L.P. increased its position in shares of Stratasys by 280.2% during the third quarter. Alyeska Investment Group L.P. now owns 855,447 shares of the technology company’s stock worth $19,778,000 after acquiring an additional 630,447 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Stratasys by 18.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 97,500 shares of the technology company’s stock worth $2,133,000 after acquiring an additional 15,500 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Stratasys during the third quarter worth $668,000. Institutional investors own 70.99% of the company’s stock.

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About Stratasys

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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