Stratasys (NASDAQ:SSYS) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Stratasys (NASDAQ:SSYS) from a hold rating to a buy rating in a research report released on Tuesday morning.

Several other research firms also recently weighed in on SSYS. Craig Hallum boosted their target price on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $12.00 target price on shares of Stratasys in a research report on Monday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $12.00 target price on shares of Stratasys in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Price Performance

Shares of SSYS opened at $11.52 on Tuesday. The stock has a market capitalization of $822.30 million, a price-to-earnings ratio of -8.73 and a beta of 1.31. Stratasys has a 1 year low of $6.05 and a 1 year high of $13.12. The business’s 50 day simple moving average is $10.03 and its 200-day simple moving average is $8.66.

Hedge Funds Weigh In On Stratasys

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in Stratasys in the 4th quarter valued at $68,000. Teton Advisors Inc. bought a new position in Stratasys in the 4th quarter valued at $89,000. SBI Securities Co. Ltd. bought a new position in Stratasys in the 4th quarter valued at $90,000. Quantbot Technologies LP bought a new position in Stratasys in the 3rd quarter valued at $90,000. Finally, Hsbc Holdings PLC grew its position in Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after acquiring an additional 1,564 shares during the last quarter. 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.