Stratasys, Ltd. (NASDAQ:SSYS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is moderately positive: Four of six brokerages rate Stratasys a buy, while one rates it a hold and one a sell. The average 12-month price target is $12.33.
• Stratasys shares opened at $7.91, near the lower end of their 12-month range of $7.34 to $12.81. The company reported quarterly revenue of $137.61 million and earnings of $0.03 per share, but continues to post negative net margins.
• Institutional investors own 75.77% of the stock. Several smaller investment firms recently initiated or increased their positions in Stratasys.

Shares of Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.3333.

Several research analysts recently issued reports on SSYS shares. Zacks Research downgraded Stratasys from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Stratasys in a report on Tuesday, August 18th.

Stratasys Trading Down 1.1%

Shares of SSYS stock opened at $7.91 on Tuesday. The company has a market cap of $681.63 million, a price-to-earnings ratio of -5.90 and a beta of 1.93. The stock has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $8.42. Stratasys has a 12-month low of $7.34 and a 12-month high of $12.81.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in Stratasys in the 2nd quarter valued at about $27,000. Parallel Advisors LLC grew its holdings in Stratasys by 1,071.4% in the first quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company's stock valued at $30,000 after purchasing an additional 3,482 shares during the period. NFSG Corp acquired a new position in Stratasys during the first quarter worth approximately $45,000. ACT Capital Management LLC purchased a new position in Stratasys during the fourth quarter worth approximately $87,000. Finally, Inceptionr LLC acquired a new position in shares of Stratasys in the 1st quarter valued at $100,000. Hedge funds and other institutional investors own 75.77% of the company's stock.

Stratasys Company Profile

Stratasys Ltd. is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services for industrial, medical, educational and consumer applications. Its technologies are designed to produce prototypes, tooling, production parts and customized products directly from digital designs.

The company's product portfolio includes polymer-based 3D printers using technologies such as Fused Deposition Modeling, PolyJet and stereolithography.

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