Stratasys Ltd. (NASDAQ:SSYS) Short Interest Down 20.9% in April

Stratasys Ltd. (NASDAQ:SSYS) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 1,210,000 shares, a decrease of 20.9% from the March 31st total of 1,530,000 shares. Based on an average daily volume of 386,600 shares, the days-to-cover ratio is currently 3.1 days. Approximately 2.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

SSYS has been the topic of several research reports. Cantor Fitzgerald initiated coverage on Stratasys in a research report on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 target price on the stock. StockNews.com initiated coverage on Stratasys in a research report on Saturday. They issued a “buy” rating on the stock.

Stratasys Price Performance

Shares of NASDAQ:SSYS traded down $0.30 during midday trading on Tuesday, hitting $9.72. The company had a trading volume of 418,707 shares, compared to its average volume of 403,467. Stratasys has a twelve month low of $9.43 and a twelve month high of $21.72. The stock has a market cap of $677.10 million, a price-to-earnings ratio of -5.43 and a beta of 1.29. The business’s 50-day simple moving average is $11.30 and its 200-day simple moving average is $11.99.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Stratasys had a negative return on equity of 2.28% and a negative net margin of 19.61%. The firm had revenue of $156.34 million during the quarter, compared to analysts’ expectations of $153.96 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that Stratasys will post -0.29 EPS for the current year.

Institutional Investors Weigh In On Stratasys

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSYS. RIA Advisory Group LLC acquired a new stake in Stratasys during the fourth quarter worth $33,000. CWM LLC grew its stake in shares of Stratasys by 2,633.3% in the third quarter. CWM LLC now owns 3,280 shares of the technology company’s stock valued at $45,000 after buying an additional 3,160 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Stratasys in the third quarter valued at $158,000. Formidable Asset Management LLC grew its stake in shares of Stratasys by 14.7% in the third quarter. Formidable Asset Management LLC now owns 17,547 shares of the technology company’s stock valued at $239,000 after buying an additional 2,250 shares in the last quarter. Finally, Values First Advisors Inc. grew its stake in shares of Stratasys by 11.5% in the third quarter. Values First Advisors Inc. now owns 18,824 shares of the technology company’s stock valued at $256,000 after buying an additional 1,936 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.