Phoenix Financial Ltd. Decreases Holdings in Stratasys, Ltd. $SSYS

Phoenix Financial Ltd. trimmed its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 50.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,777,106 shares of the technology company's stock after selling 1,836,800 shares during the quarter. Phoenix Financial Ltd. owned 2.09% of Stratasys worth $20,383,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. OLD Mission Capital LLC bought a new position in Stratasys during the 1st quarter valued at about $128,000. Harbor Capital Advisors Inc. grew its holdings in Stratasys by 28.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,670 shares of the technology company's stock valued at $157,000 after purchasing an additional 2,991 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Stratasys during the 1st quarter valued at about $251,000. Inspire Investing LLC bought a new position in Stratasys during the 1st quarter valued at about $345,000. Finally, Brown Advisory Inc. bought a new position in Stratasys during the 1st quarter valued at about $369,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Stock Performance

NASDAQ SSYS opened at $12.44 on Tuesday. The firm's 50 day moving average price is $10.74 and its 200-day moving average price is $10.56. Stratasys, Ltd. has a 52-week low of $6.92 and a 52-week high of $12.88. The company has a market cap of $1.06 billion, a PE ratio of -9.28 and a beta of 1.59.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $138.09 million for the quarter, compared to the consensus estimate of $137.15 million. During the same period last year, the firm earned ($0.04) earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. 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 equities analysts recently commented on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Stratasys in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Needham & Company LLC cut their price target on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate 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.

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