RPG Investment Advisory LLC Purchases 1,111,491 Shares of Stratasys, Ltd. $SSYS

Key Points

• RPG Investment Advisory LLC increased its stake in Stratasys by 102.3% during the first quarter, now owning over 2.2 million shares valued at approximately $21.5 million.
• Stratasys reported a quarterly revenue of $138.09 million, slightly exceeding expectations, and earnings per share (EPS) of $0.03, matching the consensus estimate.
• Wall Street analysts have mixed ratings for Stratasys, with a consensus target price of $12.20 and four analysts rating it as a "Buy" while one has a "Hold" rating.

RPG Investment Advisory LLC increased its stake in shares of Stratasys, Ltd. (NASDAQ:SSYS - Free Report) by 102.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,197,828 shares of the technology company's stock after acquiring an additional 1,111,491 shares during the period. Stratasys accounts for about 1.5% of RPG Investment Advisory LLC's holdings, making the stock its 29th largest position. RPG Investment Advisory LLC owned about 3.06% of Stratasys worth $21,517,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSYS. Harbor Capital Advisors Inc. acquired a new stake in shares of Stratasys in the first quarter valued at about $105,000. Hsbc Holdings PLC boosted its stake in Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after buying an additional 1,564 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Stratasys during the 4th quarter worth about $166,000. Bayesian Capital Management LP bought a new position in shares of Stratasys in the fourth quarter valued at approximately $217,000. Finally, Formidable Asset Management LLC increased its stake in shares of 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 buying an additional 965 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Stratasys Stock Performance

NASDAQ:SSYS traded up $0.09 during mid-day trading on Wednesday, hitting $10.84. The stock had a trading volume of 736,692 shares, compared to its average volume of 604,760. Stratasys, Ltd. has a twelve month low of $6.05 and a twelve month high of $12.88. The company's 50 day simple moving average is $10.92 and its 200 day simple moving average is $10.47. The stock has a market cap of $920.11 million, a price-to-earnings ratio of -8.09 and a beta of 1.57.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $138.09 million during 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 firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. Stratasys has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

SSYS has been the topic of a number of recent research reports. Needham & Company LLC reduced their price objective on shares of 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 lowered shares of Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $12.20.

Stratasys 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.