Trexquant Investment LP Makes New $1.21 Million Investment in Stratasys, Ltd. $SSYS

Key Points

• Trexquant Investment LP purchased 123,884 shares of Stratasys, Ltd. (NASDAQ:SSYS), valued at approximately $1.2 million, representing 0.17% of the company's stock.
• Wall Street analysts have mixed opinions, with one firm downgrading Stratasys from a "buy" to a "hold" rating, while three analysts still maintain a "buy" rating with a consensus target price of $14.33.
• Stratasys reported a quarterly EPS of $0.03, meeting expectations, and had a revenue of $138.09 million, indicating a year-over-year revenue increase of 0.1%.

Trexquant Investment LP bought a new position in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 123,884 shares of the technology company's stock, valued at approximately $1,213,000. Trexquant Investment LP owned about 0.17% of Stratasys as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Formidable Asset Management LLC boosted its position in shares of Stratasys by 4.1% during the fourth quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock worth $218,000 after buying an additional 965 shares during the period. Hsbc Holdings PLC boosted its position in shares of Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after buying an additional 1,564 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Stratasys by 12.1% during the fourth quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company's stock worth $252,000 after buying an additional 3,071 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Stratasys by 1.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,249 shares of the technology company's stock worth $1,832,000 after buying an additional 3,797 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Stratasys by 8.4% during the fourth quarter. Millennium Management LLC now owns 90,715 shares of the technology company's stock worth $806,000 after buying an additional 7,066 shares during the period. Institutional investors and hedge funds own 75.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SSYS shares. Needham & Company LLC lowered their price target on Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Wall Street Zen lowered Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $14.33.

Stratasys Trading Down 0.5%

NASDAQ:SSYS traded down $0.05 during midday trading on Friday, reaching $9.80. The company had a trading volume of 92,124 shares, compared to its average volume of 616,447. The firm has a market capitalization of $833.88 million, a price-to-earnings ratio of -7.31 and a beta of 1.62. The stock's fifty day simple moving average is $10.76 and its 200-day simple moving average is $10.37. Stratasys, Ltd. has a 12-month low of $6.92 and a 12-month high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. The company had revenue of $138.09 million during the quarter, compared to the consensus estimate of $137.15 million. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.Stratasys's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. Stratasys has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current year.

About Stratasys

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.