Investors Buy High Volume of Call Options on Stratasys (NASDAQ:SSYS)

Key Points

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Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) was the target of unusually large options trading on Tuesday. Traders purchased 7,003 call options on the company. Thisisanincreaseofapproximately913% compared to the typical daily volume of 691 call options.

Stratasys Price Performance

NASDAQ SSYS traded up $0.63 during trading on Tuesday, hitting $9.95. The company's stock had a trading volume of 1,208,345 shares, compared to its average volume of 547,548. The company has a market cap of $844.99 million, a PE ratio of -7.38 and a beta of 1.57. The business's 50 day simple moving average is $10.89 and its 200-day simple moving average is $10.52. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $12.88.

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 for the quarter, hitting the consensus estimate of $0.03. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The business had revenue of $138.09 million during the quarter, compared to the consensus estimate of $137.15 million. During the same quarter last year, the company 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. Analysts expect that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SSYS. Raymond James Financial Inc. purchased a new position in Stratasys during the second quarter valued at approximately $35,000. Harbor Capital Advisors Inc. purchased a new position in Stratasys during the first quarter valued at approximately $105,000. Headlands Technologies LLC purchased a new position in Stratasys during the second quarter valued at approximately $113,000. OLD Mission Capital LLC purchased a new position in Stratasys during the first quarter valued at approximately $128,000. Finally, Hsbc Holdings PLC raised its position in Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after acquiring an additional 1,564 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SSYS. Wall Street Zen downgraded Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday. 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 report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.20.

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.

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