Craig Hallum Trims Stratasys (NASDAQ:SSYS) Target Price to $14.00

Stratasys (NASDAQ:SSYS) had its price objective trimmed by Craig Hallum from $16.00 to $14.00 in a report published on Monday morning, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other research analysts have also recently commented on SSYS. StockNews.com initiated coverage on Stratasys in a report on Sunday. They issued a buy rating on the stock. Needham & Company LLC decreased their price objective on Stratasys from $16.00 to $12.00 and set a buy rating on the stock in a report on Thursday, May 30th. Finally, Cantor Fitzgerald reiterated an overweight rating and issued a $23.00 price objective on shares of Stratasys in a report on Thursday, May 30th.

Stratasys Price Performance

SSYS stock opened at $8.60 on Monday. The business has a 50 day simple moving average of $9.06 and a 200-day simple moving average of $11.28. The firm has a market capitalization of $599.08 million, a PE ratio of -4.70 and a beta of 1.21. Stratasys has a 1 year low of $8.02 and a 1 year high of $21.72.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, meeting analysts’ consensus estimates of ($0.15). Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. The firm had revenue of $144.05 million for the quarter, compared to analysts’ expectations of $147.53 million. On average, equities research analysts expect that Stratasys will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. RIA Advisory Group LLC purchased a new position in shares of Stratasys during the fourth quarter worth $33,000. Crewe Advisors LLC purchased a new position in shares of Stratasys during the first quarter worth $61,000. Larson Financial Group LLC boosted its position in shares of Stratasys by 2,711.2% during the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after buying an additional 9,218 shares during the period. Values First Advisors Inc. boosted its position in shares of Stratasys by 4.4% during the fourth quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock worth $281,000 after buying an additional 828 shares during the period. Finally, Formidable Asset Management LLC boosted its position in shares of Stratasys by 21.1% during the fourth quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock worth $303,000 after buying an additional 3,705 shares during the period. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.