Inspire Investing LLC Takes $345,000 Position in Stratasys, Ltd. $SSYS

Key Points

• Inspire Investing LLC has acquired a new position in Stratasys, Ltd., purchasing 35,273 shares valued at approximately $345,000.
• Several institutional investors have significantly increased their stakes in Stratasys, with Royce & Associates LP increasing their holdings by 236.6%.
• Analysts have mixed opinions on Stratasys, with Needham & Company cutting their price target from $15.00 to $13.00 while maintaining a "buy" rating, and Wall Street Zen downgrading it to a "hold."

Inspire Investing LLC acquired a new position in Stratasys, Ltd. (NASDAQ:SSYS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,273 shares of the technology company's stock, valued at approximately $345,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invenomic Capital Management LP increased its holdings in Stratasys by 111.9% in the 1st quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company's stock worth $24,144,000 after acquiring an additional 1,302,264 shares in the last quarter. RPG Investment Advisory LLC increased its stake in shares of Stratasys by 102.3% in the first 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Stratasys by 84.7% in the first 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 in the last quarter. Nuveen LLC purchased a new stake in shares of Stratasys in the first quarter worth $4,097,000. Finally, Royce & Associates LP increased its stake in shares of Stratasys by 236.6% in the first quarter. Royce & Associates LP now owns 555,420 shares of the technology company's stock worth $5,438,000 after purchasing an additional 390,420 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.

Analyst Upgrades and Downgrades

SSYS has been the subject of several research analyst reports. Needham & Company LLC cut their target price on 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 lowered shares of Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $14.33.

Stratasys Price Performance

Stratasys stock opened at $9.87 on Tuesday. The stock has a market cap of $839.84 million, a price-to-earnings ratio of -7.37 and a beta of 1.62. Stratasys, Ltd. has a 1-year low of $6.92 and a 1-year high of $12.88. The firm has a 50 day simple moving average of $10.69 and a 200-day simple moving average of $10.36.

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

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.

Want to see what other hedge funds are holding SSYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stratasys, Ltd. (NASDAQ:SSYS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.