Stratasys (NASDAQ:SSYS) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the technology company’s stock.

SSYS has been the subject of several other reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 price target on shares of Stratasys in a research note on Thursday, May 30th. Craig Hallum reduced their target price on Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Finally, Needham & Company LLC dropped their price target on Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 30th.

Stratasys Price Performance

SSYS opened at $8.86 on Wednesday. The business has a fifty day simple moving average of $8.83 and a 200 day simple moving average of $10.76. Stratasys has a 1 year low of $8.02 and a 1 year high of $20.11. The company has a market capitalization of $617.19 million, a PE ratio of -4.84 and a beta of 1.21.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. The business had revenue of $144.05 million for the quarter, compared to the consensus estimate of $147.53 million. Equities analysts anticipate that Stratasys will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Stratasys

Several institutional investors and hedge funds have recently modified their holdings of SSYS. RIA Advisory Group LLC bought a new position in shares of Stratasys in the fourth quarter valued at approximately $33,000. Crewe Advisors LLC purchased a new stake in shares of Stratasys during the 1st quarter valued at $61,000. Larson Financial Group LLC raised its stake in shares of Stratasys by 2,711.2% during the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after purchasing an additional 9,218 shares during the period. Values First Advisors Inc. boosted its holdings in shares of Stratasys by 51.3% in the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after buying an additional 11,254 shares during the last quarter. Finally, Formidable Asset Management LLC grew its position in Stratasys by 21.1% during the fourth quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock valued at $303,000 after buying an additional 3,705 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

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.