Stratasys Ltd. (NASDAQ:SSYS) Receives $12.20 Average PT from Analysts

Shares of Stratasys Ltd. (NASDAQ:SSYS) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.20.

A number of equities analysts have commented on SSYS shares. StockNews.com downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Cantor Fitzgerald increased their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, Needham & Company LLC raised their price objective on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, March 6th.

Stratasys Stock Performance

Shares of NASDAQ:SSYS opened at $10.11 on Monday. Stratasys has a one year low of $6.05 and a one year high of $12.88. The stock has a market capitalization of $725.05 million, a price-to-earnings ratio of -7.66 and a beta of 1.28. The company has a 50-day simple moving average of $10.58 and a 200-day simple moving average of $9.26.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $150.40 million during the quarter, compared to the consensus estimate of $151.01 million. During the same period in the prior year, the business earned $0.02 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. As a group, research analysts forecast that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Trading of Stratasys

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in Stratasys in the fourth quarter valued at about $68,000. Teton Advisors Inc. acquired a new stake in shares of Stratasys in the 4th quarter worth approximately $89,000. Quantbot Technologies LP purchased a new position in Stratasys in the 3rd quarter valued at approximately $90,000. SBI Securities Co. Ltd. acquired a new position in Stratasys during the fourth quarter worth $90,000. Finally, Hsbc Holdings PLC boosted its position in Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock worth $148,000 after purchasing an additional 1,564 shares in 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.