Stratasys (NASDAQ:SSYS) Upgraded to “C-” at TheStreet

TheStreet upgraded shares of Stratasys (NASDAQ:SSYS) from a d rating to a c- rating in a report issued on Tuesday, TheStreetRatingsTable reports.

A number of other research analysts also recently issued reports on SSYS. Loop Capital upped their price target on Stratasys from $19.00 to $35.00 and gave the company a hold rating in a report on Monday, November 8th. JPMorgan Chase & Co. downgraded Stratasys from a neutral rating to an underweight rating in a report on Thursday, November 4th. Finally, Craig Hallum increased their target price on Stratasys from $42.00 to $46.00 and gave the company a buy rating in a report on Thursday, November 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $36.67.

Shares of SSYS stock opened at $28.06 on Tuesday. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -39.52 and a beta of 1.28. The business’s fifty day moving average is $28.24 and its 200 day moving average is $24.22. Stratasys has a twelve month low of $15.15 and a twelve month high of $56.95. The company has a quick ratio of 3.92, a current ratio of 4.62 and a debt-to-equity ratio of 0.01.

Stratasys (NASDAQ:SSYS) last released its earnings results on Thursday, November 4th. The technology company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. Stratasys had a negative return on equity of 2.14% and a negative net margin of 7.92%. The business had revenue of $159.00 million for the quarter, compared to the consensus estimate of $150.08 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities research analysts expect that Stratasys will post -0.65 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. JTC Employer Solutions Trusteee Ltd purchased a new stake in Stratasys in the second quarter worth about $26,000. Newbridge Financial Services Group Inc. increased its position in Stratasys by 65.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,535 shares of the technology company’s stock worth $33,000 after buying an additional 610 shares in the last quarter. US Bancorp DE increased its position in Stratasys by 425.6% in the third quarter. US Bancorp DE now owns 1,645 shares of the technology company’s stock worth $35,000 after buying an additional 1,332 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Stratasys in the second quarter worth about $39,000. Finally, First Horizon Advisors Inc. grew its position in shares of Stratasys by 68.7% during the second quarter. First Horizon Advisors Inc. now owns 1,643 shares of the technology company’s stock worth $41,000 after purchasing an additional 669 shares in the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.

Stratasys Company Profile

Stratasys Ltd. engages in the provision of applied additive technology solutions for industries including aerospace, automotive, healthcare, consumer products, and education. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing.

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Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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