Stratasys Ltd. (NASDAQ:SSYS) Short Interest Update

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,530,000 shares, a decrease of 18.2% from the March 15th total of 1,870,000 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily volume of 366,600 shares, the short-interest ratio is presently 4.2 days.

Hedge Funds Weigh In On Stratasys

Several large investors have recently bought and sold shares of SSYS. RIA Advisory Group LLC purchased a new position in Stratasys in the fourth quarter valued at $33,000. CWM LLC increased its holdings in Stratasys by 2,633.3% in the third quarter. CWM LLC now owns 3,280 shares of the technology company's stock valued at $45,000 after buying an additional 3,160 shares during the last quarter. FMR LLC grew its holdings in shares of Stratasys by 12,707.1% during the third quarter. FMR LLC now owns 3,586 shares of the technology company's stock worth $49,000 after purchasing an additional 3,558 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Stratasys by 315.6% during the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company's stock worth $58,000 after purchasing an additional 2,332 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Stratasys by 560.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,471 shares of the technology company's stock worth $61,000 after purchasing an additional 3,794 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on SSYS shares. Cantor Fitzgerald started coverage on Stratasys in a research note on Tuesday, February 13th. They set an "overweight" rating and a $24.00 price target on the stock. Needham & Company LLC restated a "buy" rating and set a $16.00 price target on shares of Stratasys in a research note on Tuesday, December 26th. Finally, StockNews.com started coverage on Stratasys in a research note on Thursday. They set a "buy" rating on the stock.

Stratasys Price Performance

Shares of NASDAQ SSYS traded down $0.35 during mid-day trading on Friday, hitting $10.09. The company had a trading volume of 409,397 shares, compared to its average volume of 335,050. The company has a market capitalization of $702.87 million, a PE ratio of -5.64 and a beta of 1.29. Stratasys has a 1-year low of $9.95 and a 1-year high of $21.72. The business's 50-day simple moving average is $12.09 and its 200 day simple moving average is $12.20.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its earnings results on Thursday, March 7th. The technology company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $156.34 million for the quarter, compared to analyst estimates of $153.96 million. Stratasys had a negative return on equity of 2.28% and a negative net margin of 19.61%. Stratasys's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. On average, analysts expect that Stratasys will post -0.29 EPS for the current year.

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.