Stratasys, Ltd. $SSYS Stock Holdings Lowered by Clearline Capital LP

Key Points

• Clearline Capital LP has reduced its stake in Stratasys, Ltd. by 5.3%, selling 66,768 shares and now owning 1,181,552 shares valued at $11,567,000.
• Stratasys reported $0.03 earnings per share for the last quarter, meeting the consensus estimate, with revenue rising by 0.1% year-over-year to $138.09 million.
• Analysts are mixed on the stock, with Needham & Company lowering its price target from $15.00 to $13.00 while maintaining a "buy" rating, and Wall Street Zen downgrading it from "buy" to "hold."

Clearline Capital LP decreased its position in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,181,552 shares of the technology company's stock after selling 66,768 shares during the period. Clearline Capital LP owned about 1.65% of Stratasys worth $11,567,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Stratasys by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 212,555 shares of the technology company's stock worth $2,148,000 after buying an additional 6,306 shares during the period. Invenomic Capital Management LP increased its stake in Stratasys by 111.9% during the 1st quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company's stock worth $24,144,000 after buying an additional 1,302,264 shares during the period. Bosun Asset Management LLC purchased a new stake in Stratasys during the 1st quarter worth $569,000. OLD Mission Capital LLC purchased a new stake in Stratasys during the 1st quarter worth $128,000. Finally, Trexquant Investment LP acquired a new position in Stratasys during the 1st quarter worth $1,213,000. Hedge funds and other institutional investors own 75.77% of the company's stock.

Stratasys Trading Down 0.4%

Stratasys stock traded down $0.04 during midday trading on Friday, reaching $9.81. 627,800 shares of the stock traded hands, compared to its average volume of 618,651. Stratasys, Ltd. has a fifty-two week low of $6.92 and a fifty-two week high of $12.88. The firm has a market cap of $834.76 million, a price-to-earnings ratio of -7.32 and a beta of 1.62. The firm has a fifty day moving average price of $10.76 and a two-hundred day moving average price of $10.37.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. 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 report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $14.33.

Stratasys Company 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.