Stratasys (NASDAQ:SSYS) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Stratasys from “strong buy” to “hold,” while Weiss Ratings maintained a “sell (D-)” rating. Overall, analysts’ consensus remains “Moderate Buy,” with an average price target of $12.33.
• Stratasys shares opened at $7.92 and have traded between $7.34 and $12.81 over the past year. The company reported quarterly revenue of $137.61 million and earnings of $0.03 per share, but continues to post a negative net margin.
• Institutional investors hold approximately 75.77% of Stratasys shares, with several hedge funds and asset managers recently initiating or increasing positions.

Stratasys (NASDAQ:SSYS - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Stratasys in a research note on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.33.

Stratasys Trading Up 0.1%

Shares of NASDAQ SSYS opened at $7.92 on Tuesday. Stratasys has a 12-month low of $7.34 and a 12-month high of $12.81. The firm's 50-day moving average price is $8.37 and its 200-day moving average price is $8.77. The stock has a market capitalization of $682.47 million, a price-to-earnings ratio of -5.91 and a beta of 1.94.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The technology company reported $0.03 earnings per share for the quarter. The company had revenue of $137.61 million for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. On average, equities analysts predict that Stratasys will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Several hedge funds have recently made changes to their positions in SSYS. Segall Bryant & Hamill LLC purchased a new stake in Stratasys in the first quarter worth about $11,107,000. Rubric Capital Management LP raised its holdings in shares of Stratasys by 9.0% in the 1st quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company's stock valued at $62,480,000 after purchasing an additional 659,974 shares in the last quarter. Monaco Asset Management SAM bought a new stake in shares of Stratasys in the 4th quarter valued at about $998,000. State of Michigan Retirement System purchased a new stake in shares of Stratasys in the 1st quarter worth approximately $3,905,000. Finally, Legal & General Group Plc lifted its position in shares of Stratasys by 11.6% in the 4th quarter. Legal & General Group Plc now owns 1,032,041 shares of the technology company's stock worth $8,958,000 after purchasing an additional 107,472 shares during the period. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company's product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.

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