Stratasys (NASDAQ:SSYS) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Stratasys (NASDAQ:SSYS) from a sell rating to a hold rating in a research note issued to investors on Monday, ValuEngine reports.

Separately, BidaskClub raised Stratasys from a strong sell rating to a sell rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $25.50.

NASDAQ SSYS traded up $0.27 on Monday, hitting $19.91. 195,630 shares of the company traded hands, compared to its average volume of 414,602. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 86.57, a P/E/G ratio of 2.97 and a beta of 1.98. The company has a current ratio of 3.85, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $22.05 and its 200-day moving average price is $24.06. Stratasys has a 52-week low of $17.06 and a 52-week high of $30.60.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, July 31st. The technology company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). The company had revenue of $163.16 million for the quarter, compared to analysts’ expectations of $168.74 million. Stratasys had a net margin of 0.69% and a return on equity of 1.30%. Stratasys’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. As a group, sell-side analysts predict that Stratasys will post 0.27 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of SSYS. Joel Isaacson & Co. LLC bought a new position in shares of Stratasys during the second quarter valued at approximately $235,000. Commonwealth Equity Services LLC grew its stake in shares of Stratasys by 5.1% during the second quarter. Commonwealth Equity Services LLC now owns 12,573 shares of the technology company’s stock valued at $369,000 after buying an additional 615 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Stratasys by 33.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 11,243 shares of the technology company’s stock valued at $330,000 after buying an additional 2,815 shares during the last quarter. Convergence Investment Partners LLC bought a new position in shares of Stratasys during the second quarter valued at approximately $195,000. Finally, Westside Investment Management Inc. bought a new position in shares of Stratasys during the second quarter valued at approximately $832,000. 79.06% of the stock is currently owned by institutional investors.

Stratasys Company Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.

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