Stock Traders 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. Investors acquired 7,003 call options on the stock. Thisisanincreaseof913% compared to the typical volume of 691 call options.

Institutional Trading of Stratasys

Large investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. purchased a new stake in Stratasys in the 1st quarter valued at $369,000. Northern Trust Corp grew its holdings in shares of Stratasys by 26.0% during the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock worth $395,000 after purchasing an additional 9,168 shares during the period. SG Americas Securities LLC purchased a new position in shares of Stratasys during the 1st quarter worth $1,143,000. BNP Paribas Financial Markets grew its holdings in shares of Stratasys by 46.6% during the 4th quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company's stock worth $1,690,000 after purchasing an additional 60,407 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Stratasys by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after purchasing an additional 1,564 shares during the period. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Trading Up 2.9%

NASDAQ:SSYS traded up $0.31 during trading hours on Friday, hitting $11.08. The company had a trading volume of 1,583,683 shares, compared to its average volume of 1,029,044. The company has a 50-day moving average of $10.91 and a 200 day moving average of $10.49. The company has a market cap of $940.91 million, a P/E ratio of -8.27 and a beta of 1.57. Stratasys has a 1 year low of $6.05 and a 1 year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its 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 company 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 quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. Stratasys has set its FY 2025 guidance at EPS. On average, analysts forecast that Stratasys will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SSYS. Needham & Company LLC dropped their price target 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 cut Stratasys from a "buy" rating to a "hold" rating in a research 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 presently has an average rating of "Moderate Buy" and a consensus price target 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.