Stratasys Ltd. (NASDAQ:SSYS) Short Interest Update

Stratasys Ltd. (NASDAQ:SSYS) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 1,550,000 shares, a drop of 17.1% from the October 15th total of 1,870,000 shares. Based on an average daily volume of 540,200 shares, the short-interest ratio is currently 2.9 days. Approximately 2.7% of the shares of the stock are short sold.

Stratasys Stock Down 3.6 %

Shares of NASDAQ:SSYS opened at $9.26 on Friday. The company has a market cap of $660.98 million, a P/E ratio of -7.02 and a beta of 1.21. The business has a fifty day simple moving average of $7.62 and a 200-day simple moving average of $8.19. Stratasys has a 52 week low of $6.05 and a 52 week high of $14.93.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $146.38 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The firm’s revenue was down 13.6% on a year-over-year basis. Sell-side analysts expect that Stratasys will post -0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SSYS shares. Lake Street Capital reduced their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Loop Capital reduced their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC lifted their price objective on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday. Craig Hallum boosted their target price on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com began coverage on shares of Stratasys in a research note on Monday, September 2nd. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Hedge Funds Weigh In On Stratasys

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Crewe Advisors LLC acquired a new stake in shares of Stratasys during the 1st quarter worth $61,000. Quantbot Technologies LP acquired a new stake in Stratasys during the third quarter worth about $90,000. Stifel Financial Corp increased its stake in Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after acquiring an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Stratasys in the 3rd quarter worth about $210,000. Finally, Values First Advisors Inc. lifted its stake 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 valued at $278,000 after purchasing an additional 11,254 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

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.