Stratasys (NASDAQ:SSYS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a research note published on Wednesday.

A number of other research firms also recently issued reports on SSYS. Craig Hallum raised their price objective on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Lake Street Capital dropped their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Needham & Company LLC raised their price objective on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Cantor Fitzgerald dropped their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Loop Capital dropped their price objective on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stratasys currently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Up 0.2 %

Shares of NASDAQ SSYS opened at $9.55 on Wednesday. The firm’s 50-day moving average price is $8.01 and its 200-day moving average price is $8.18. The company has a market cap of $681.68 million, a PE ratio of -7.23 and a beta of 1.21. Stratasys has a 52-week low of $6.05 and a 52-week high of $14.93.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. As a group, equities research analysts anticipate that Stratasys will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invenomic Capital Management LP bought a new stake in shares of Stratasys during the third quarter valued at approximately $10,916,000. Clearline Capital LP bought a new stake in Stratasys in the second quarter worth $9,301,000. Rubric Capital Management LP increased its position in Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after purchasing an additional 918,703 shares during the last quarter. RPG Investment Advisory LLC increased its position in Stratasys by 29.6% in the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after purchasing an additional 150,891 shares during the last quarter. Finally, RBF Capital LLC bought a new stake in Stratasys in the third quarter worth $1,080,000. Institutional investors own 75.77% of the company’s stock.

About Stratasys

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.