Stratasys (NASDAQ:SSYS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, January 20th.
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.”
SSYS has been the topic of a number of other research reports. BidaskClub raised shares of Stratasys from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Susquehanna Bancshares upgraded shares of Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price on the stock in a research report on Friday, October 20th. UBS Group upgraded shares of Stratasys from a “neutral” rating to a “positive” rating in a research report on Friday, October 20th. B. Riley downgraded shares of Stratasys from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $30.00 in a research report on Wednesday, November 1st. Finally, Loop Capital cut their price target on shares of Stratasys from $24.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, November 15th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Stratasys has an average rating of “Hold” and an average price target of $24.94.
Stratasys (NASDAQ:SSYS) traded up $0.55 on Friday, hitting $20.76. 492,125 shares of the stock traded hands, compared to its average volume of 641,727. The company has a current ratio of 3.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. Stratasys has a fifty-two week low of $18.04 and a fifty-two week high of $30.88. The company has a market cap of $1,080.00, a price-to-earnings ratio of -19.58, a price-to-earnings-growth ratio of 3.61 and a beta of 1.49.
Stratasys (NASDAQ:SSYS) last posted its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. The business had revenue of $155.90 million for the quarter, compared to analyst estimates of $160.97 million. The company’s revenue was down .8% on a year-over-year basis. sell-side analysts predict that Stratasys will post 0.17 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC lifted its holdings in shares of Stratasys by 3.2% during the fourth quarter. Teachers Advisors LLC now owns 91,478 shares of the technology company’s stock worth $1,826,000 after buying an additional 2,840 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Stratasys by 54.0% during the fourth quarter. Two Sigma Advisers LP now owns 202,747 shares of the technology company’s stock worth $4,047,000 after buying an additional 71,100 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Stratasys by 22.8% during the fourth quarter. Deutsche Bank AG now owns 359,285 shares of the technology company’s stock worth $7,167,000 after buying an additional 66,641 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Stratasys by 22.2% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 4,285,964 shares of the technology company’s stock worth $85,548,000 after buying an additional 779,298 shares in the last quarter. Finally, AXA lifted its holdings in shares of Stratasys by 43.0% during the fourth quarter. AXA now owns 1,513,015 shares of the technology company’s stock worth $30,200,000 after buying an additional 454,905 shares in the last quarter. 70.24% of the stock is owned by institutional investors and hedge funds.
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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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