Bosun Asset Management LLC Buys Shares of 58,133 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 acquired a new position in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 58,133 shares of the technology company's stock, valued at approximately $569,000. Bosun Asset Management LLC owned 0.08% of Stratasys as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Hsbc Holdings PLC lifted its stake in shares of 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 acquiring an additional 1,564 shares in the last quarter. Northern Trust Corp boosted its stake in Stratasys by 26.0% during the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock valued at $395,000 after purchasing an additional 9,168 shares during the period. Jane Street Group LLC increased its holdings in shares of Stratasys by 107.1% during the fourth quarter. Jane Street Group LLC now owns 213,796 shares of the technology company's stock valued at $1,901,000 after purchasing an additional 110,578 shares during the period. BNP Paribas Financial Markets lifted its position 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 period. Finally, Bayesian Capital Management LP acquired a new stake in Stratasys during the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 75.77% of the company's stock.

Stratasys Price Performance

Shares of NASDAQ:SSYS traded down $0.14 during midday trading on Tuesday, reaching $10.16. The company's stock had a trading volume of 341,793 shares, compared to its average volume of 612,682. Stratasys, Ltd. has a fifty-two week low of $6.27 and a fifty-two week high of $12.88. The business's fifty day simple moving average is $10.86 and its 200-day simple moving average is $10.39. The company has a market capitalization of $864.54 million, a P/E ratio of -7.58 and a beta of 1.62.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The firm had revenue of $138.09 million during the quarter, compared to analysts' expectations of $137.15 million. During the same period in the previous year, the business posted ($0.04) EPS. 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, analysts forecast that Stratasys, Ltd. will post -0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SSYS. Needham & Company LLC dropped their price target on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen lowered Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price 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.