Bosun Asset Management LLC Acquires New Holdings in Stratasys, Ltd. $SSYS

Key Points

• Bosun Asset Management LLC has acquired 58,133 shares of Stratasys, Ltd. (NASDAQ:SSYS), totaling approximately $569,000, representing 0.08% of the company's stock.
• It was recently reported that Stratasys has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $12.50.
• Stratasys shares have seen fluctuations, currently priced at $10.14, with a 52-week low of $6.08 and a high of $12.88.

Bosun Asset Management LLC purchased a new stake in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 58,133 shares of the technology company's stock, valued at approximately $569,000. Bosun Asset Management LLC owned about 0.08% of Stratasys at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after purchasing an additional 1,564 shares during the last quarter. Northern Trust Corp lifted its stake in Stratasys by 26.0% in the fourth quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock worth $395,000 after purchasing an additional 9,168 shares during the last quarter. Jane Street Group LLC lifted its stake in Stratasys by 107.1% in the fourth quarter. Jane Street Group LLC now owns 213,796 shares of the technology company's stock worth $1,901,000 after purchasing an additional 110,578 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Stratasys by 46.6% in the fourth quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company's stock worth $1,690,000 after purchasing an additional 60,407 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in Stratasys in the fourth quarter worth about $217,000. Institutional investors own 75.77% of the company's stock.

Wall Street Analysts Forecast Growth

SSYS has been the subject of several analyst reports. Needham & Company LLC decreased their price objective on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Wall Street Zen downgraded shares of Stratasys from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $14.33.

Stratasys Trading Up 0.6%

Shares of Stratasys stock traded up $0.06 on Friday, hitting $10.24. 503,279 shares of the company traded hands, compared to its average volume of 1,307,936. The stock's 50 day moving average price is $10.89 and its 200-day moving average price is $10.40. Stratasys, Ltd. has a 52 week low of $6.08 and a 52 week high of $12.88. The company has a market cap of $871.32 million, a PE ratio of -7.64 and a beta of 1.62.

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

Stratasys Profile

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.