Stratasys (NASDAQ:SSYS) Sees Unusually-High Trading Volume – What’s Next?

Stratasys Ltd. (NASDAQ:SSYS) shares saw strong trading volume on Friday . 428,151 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 387,029 shares.The stock last traded at $9.81 and had previously closed at $9.21.

Wall Street Analysts Forecast Growth

SSYS has been the topic of a number of research reports. Craig Hallum increased their price target on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Finally, Needham & Company LLC increased their price objective on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Price Performance

The company has a fifty day moving average price of $9.41 and a two-hundred day moving average price of $8.33. The firm has a market cap of $714.87 million, a price-to-earnings ratio of -7.59 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $140.00 million for the quarter, compared to analysts’ expectations of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm’s revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, research analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Stratasys

Several hedge funds and other institutional investors have recently modified their holdings of SSYS. State Street Corp boosted its position in Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock worth $877,000 after acquiring an additional 1,500 shares during the period. Barclays PLC lifted its position in Stratasys by 1.9% in the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after buying an additional 1,525 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Stratasys by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after buying an additional 2,483 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Stratasys by 0.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after acquiring an additional 3,791 shares in the last quarter. Finally, ARK Investment Management LLC increased its stake in shares of Stratasys by 0.7% in the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock worth $5,378,000 after acquiring an additional 4,589 shares during the last quarter. Institutional investors and hedge funds 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.