Stratasys’ (SSYS) Sell Rating Reaffirmed at William Blair

William Blair reissued their sell rating on shares of Stratasys (NASDAQ:SSYS) in a report issued on Monday, TipRanks reports.

Several other brokerages also recently weighed in on SSYS. BidaskClub raised Stratasys from a strong sell rating to a sell rating in a research note on Wednesday, October 16th. ValuEngine raised Stratasys from a sell rating to a hold rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Stratasys currently has an average rating of Hold and a consensus price target of $25.50.

Shares of SSYS stock opened at $19.30 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.85 and a quick ratio of 3.02. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 83.91, a PEG ratio of 2.87 and a beta of 1.98. The stock has a 50 day simple moving average of $21.81 and a 200-day simple moving average of $23.98. Stratasys has a 1-year low of $17.06 and a 1-year high of $30.60.

Stratasys (NASDAQ:SSYS) last announced 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 business had revenue of $163.16 million for the quarter, compared to analyst estimates of $168.74 million. Stratasys had a return on equity of 1.30% and a net margin of 0.69%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. Analysts anticipate that Stratasys will post 0.27 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Stonebridge Capital Advisors LLC purchased a new stake in shares of Stratasys during the second quarter worth approximately $56,000. Aperio Group LLC purchased a new stake in shares of Stratasys during the second quarter worth approximately $125,000. Panagora Asset Management Inc. purchased a new stake in shares of Stratasys during the second quarter worth approximately $125,000. CSat Investment Advisory L.P. purchased a new stake in shares of Stratasys during the second quarter worth approximately $136,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Stratasys during the second quarter worth approximately $159,000. Hedge funds and other institutional investors own 79.06% of the company’s stock.

About Stratasys

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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Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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