Stratasys Ltd. (NASDAQ:SSYS) Short Interest Down 23.6% in February

Stratasys Ltd. (NASDAQ:SSYS) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 599,200 shares, a decline of 23.6% from the February 13th total of 784,300 shares. Based on an average trading volume of 671,200 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the shares of the company are short sold.

Stratasys Trading Down 0.5 %

Shares of Stratasys stock traded down $0.06 on Tuesday, reaching $10.18. 155,799 shares of the company were exchanged, compared to its average volume of 569,898. The stock has a fifty day moving average price of $10.35 and a 200-day moving average price of $9.02. The firm has a market capitalization of $729.71 million, a price-to-earnings ratio of -7.71 and a beta of 1.28. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $12.88.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. During the same period in the previous year, the firm earned $0.02 earnings per share. Stratasys’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Stratasys will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SSYS has been the topic of a number of research reports. Needham & Company LLC boosted their price objective on Stratasys from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Cantor Fitzgerald boosted their price objective on Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stratasys has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invenomic Capital Management LP purchased a new position in Stratasys in the third quarter valued at about $10,916,000. Penn Capital Management Company LLC purchased a new position in Stratasys in the fourth quarter valued at about $5,376,000. RPG Investment Advisory LLC grew its stake in Stratasys by 64.6% in the fourth quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock valued at $9,658,000 after purchasing an additional 426,341 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Stratasys by 53.1% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock valued at $10,255,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Formula Growth Ltd. grew its stake in Stratasys by 58.3% in the fourth quarter. Formula Growth Ltd. now owns 760,000 shares of the technology company’s stock valued at $6,756,000 after purchasing an additional 280,000 shares in the last quarter. Hedge funds and other institutional investors 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.