Stratasys, Ltd. (NASDAQ:SSYS) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analyst sentiment is moderately positive: Four of six covering brokerages rate Stratasys a buy, while one rates it hold and one sell. The average 12-month price target is $12.33.
• The shares are trading near their 12-month low: Stratasys opened at $6.56, compared with a 12-month range of $6.07 to $12.24.
• The company reported quarterly EPS of $0.03 and revenue of $137.61 million, but had a negative net margin of 21.05%; analysts expect a full-year loss of $0.19 per share.

Shares of Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.33.

SSYS has been the subject of a number of recent analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Stratasys in a report on Tuesday, August 18th. Zacks Research cut shares of Stratasys from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th.

Institutional Investors Weigh In On Stratasys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Stratasys in the 1st quarter worth approximately $11,107,000. Rubric Capital Management LP increased its position in Stratasys by 9.0% during 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 buying an additional 659,974 shares in the last quarter. State of Michigan Retirement System bought a new stake in Stratasys in the first quarter worth $3,905,000. Tidal Investments LLC increased its holdings in shares of Stratasys by 116.7% during the second quarter. Tidal Investments LLC now owns 128,353 shares of the technology company's stock valued at $1,099,000 after acquiring an additional 69,115 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in Stratasys during the 3rd quarter valued at about $941,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Stock Down 1.8%

NASDAQ SSYS opened at $6.56 on Wednesday. The company has a 50-day simple moving average of $7.54 and a two-hundred day simple moving average of $8.55. Stratasys has a 12-month low of $6.07 and a 12-month high of $12.24. The firm has a market cap of $577.80 million, a price-to-earnings ratio of -4.90 and a beta of 1.83.

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

About Stratasys

Stratasys is a global provider of polymer 3D printing and additive manufacturing solutions. Its offerings include 3D printers, printing materials, software and related services for designing and producing prototypes, tools and end-use parts. The company serves customers across industries such as aerospace, automotive, healthcare, consumer products and education. Its technologies include Fused Deposition Modeling (FDM), PolyJet and stereolithography, supporting a range of applications from product development to manufacturing.

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