Trexquant Investment LP Invests $1.21 Million 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 purchased a new position in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 123,884 shares of the technology company's stock, valued at approximately $1,213,000. Trexquant Investment LP owned 0.17% of Stratasys at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Neuberger Berman Group LLC boosted its position in Stratasys by 2.4% during the 1st quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company's stock worth $45,082,000 after purchasing an additional 109,331 shares during the period. Phoenix Financial Ltd. boosted its position in Stratasys by 0.4% during the 1st quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company's stock worth $35,381,000 after purchasing an additional 12,900 shares during the period. RPG Investment Advisory LLC boosted its position in Stratasys by 102.3% during the 1st quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock worth $21,517,000 after purchasing an additional 1,111,491 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Stratasys by 84.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock worth $20,862,000 after purchasing an additional 977,403 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in Stratasys by 2.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,440,033 shares of the technology company's stock worth $14,098,000 after purchasing an additional 40,135 shares during the period. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Trading Down 0.4%

NASDAQ:SSYS traded down $0.04 on Friday, reaching $9.81. The stock had a trading volume of 628,258 shares, compared to its average volume of 1,185,719. The stock has a market cap of $834.73 million, a P/E ratio of -7.32 and a beta of 1.62. The company has a 50-day moving average of $10.73 and a 200 day moving average of $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 issued its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. The business had revenue of $138.09 million for the quarter, compared to analysts' expectations of $137.15 million. During the same quarter last year, the company posted ($0.04) earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at EPS. On average, equities analysts predict that Stratasys, Ltd. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Needham & Company LLC decreased their price target on shares of 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 cut shares of Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Stratasys presently has a consensus rating of "Buy" and a consensus price target of $14.33.

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.