Stratasys, Ltd. $SSYS Position Trimmed by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC has decreased its position in Stratasys, Ltd. by 10.7%, holding approximately $14.75 million after selling 153,962 shares in the second quarter.
• Stratasys recently reported an EPS of $0.03 and a revenue of $138.09 million for the quarter, slightly exceeding analyst estimates.
• The stock has received mixed analyst recommendations, with three analysts rating it as a "Buy" while Wall Street Zen downgraded it to a "Hold," setting a new average target price of $14.33.

Exchange Traded Concepts LLC trimmed its stake in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 10.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286,071 shares of the technology company's stock after selling 153,962 shares during the period. Exchange Traded Concepts LLC owned 1.79% of Stratasys worth $14,751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SSYS. Harbor Capital Advisors Inc. purchased a new position in shares of Stratasys during the first quarter worth approximately $105,000. OLD Mission Capital LLC bought a new position in shares of Stratasys during the first quarter valued at approximately $128,000. Formidable Asset Management LLC boosted its stake in Stratasys by 4.1% in the fourth quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock valued at $218,000 after acquiring an additional 965 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Stratasys in the first quarter valued at approximately $251,000. Finally, Point72 Asset Management L.P. boosted its stake in Stratasys by 12.1% in the fourth quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company's stock valued at $252,000 after acquiring an additional 3,071 shares in the last quarter. Institutional investors own 75.77% of the company's stock.

Stratasys Stock Up 6.0%

NASDAQ:SSYS traded up $0.60 on Friday, hitting $10.53. The stock had a trading volume of 3,326,308 shares, compared to its average volume of 819,178. The stock has a market cap of $896.00 million, a price-to-earnings ratio of -7.86 and a beta of 1.62. The company has a fifty day moving average price of $10.57 and a two-hundred day moving average price of $10.34. Stratasys, Ltd. has a 1-year low of $6.92 and a 1-year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting 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 business 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. The business's revenue was up .1% on a year-over-year basis. Stratasys has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Needham & Company LLC lowered their target price 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target 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.