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

Several other hedge funds have also bought and sold shares of the business. Formidable Asset Management LLC grew its position in Stratasys by 4.1% in the 4th quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock valued at $218,000 after purchasing an additional 965 shares during the period. Point72 Asset Management L.P. grew its position in Stratasys by 12.1% in the 4th quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company's stock valued at $252,000 after purchasing an additional 3,071 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Stratasys by 1.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,249 shares of the technology company's stock valued at $1,832,000 after purchasing an additional 3,797 shares during the period. Millennium Management LLC grew its position in Stratasys by 8.4% in the 4th quarter. Millennium Management LLC now owns 90,715 shares of the technology company's stock valued at $806,000 after purchasing an additional 7,066 shares during the period. Finally, Northern Trust Corp grew its position in Stratasys by 26.0% in 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. Institutional investors and hedge funds own 75.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SSYS. Needham & Company LLC dropped their price objective on 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 cut 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, According to data from MarketBeat, Stratasys has a consensus rating of "Buy" and an average price target of $14.33.

Stratasys Price Performance

Shares of NASDAQ SSYS traded up $0.60 during mid-day trading on Friday, reaching $10.53. 3,326,308 shares of the company's stock were exchanged, compared to its average volume of 819,178. The firm has a market capitalization of $896.00 million, a price-to-earnings ratio of -7.86 and a beta of 1.62. Stratasys, Ltd. has a 52 week low of $6.92 and a 52 week high of $12.88. The firm has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $10.34.

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

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.