Stratasys (NASDAQ:SSYS) Reaches New 1-Year Low - Here's Why

Key Points

• Stratasys shares fell to a new 52-week low, trading as low as $7.30 and last changing hands near $7.26, below the prior close of $7.49.
• Analyst views have weakened, including a Zacks downgrade to “hold” and a reaffirmed “sell” rating from Weiss Ratings. Despite this, the overall consensus remains “Moderate Buy,” with a $12.33 target price.
• The company reported $137.61 million in quarterly revenue and $0.03 EPS, but continues to post a negative net margin of 21.05%; institutional investors own approximately 75.77% of the stock.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) reached a new 52-week low on Wednesday. The stock traded as low as $7.30 and last traded at $7.2590, with a volume of 60,945 shares changing hands. The stock had previously closed at $7.49.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Stratasys in a research note on Tuesday, August 18th. Zacks Research downgraded shares of Stratasys from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.33.

Stratasys Price Performance

The firm has a market cap of $642.46 million, a P/E ratio of -5.44 and a beta of 1.99. The stock has a 50 day moving average of $8.16 and a 200 day moving average of $8.42.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $137.61 million for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. On average, research analysts predict that Stratasys, Ltd. will post -0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Stratasys during the 2nd quarter valued at approximately $27,000. Parallel Advisors LLC grew its holdings in Stratasys by 1,071.4% during the 1st quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company's stock worth $30,000 after acquiring an additional 3,482 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Stratasys by 860.9% in the third quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company's stock valued at $30,000 after purchasing an additional 3,194 shares in the last quarter. NFSG Corp acquired a new position in Stratasys in the first quarter valued at $45,000. Finally, ACT Capital Management LLC purchased a new position in Stratasys during the 4th quarter worth approximately $87,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

About Stratasys

Stratasys Ltd. NASDAQ: SSYS is a manufacturer of polymer 3D printing systems and related production solutions. The company develops and sells additive manufacturing platforms, printing materials, software and services designed to support prototyping, tooling and the production of end-use parts.

Its product portfolio includes systems based on technologies such as fused deposition modeling, PolyJet, stereolithography, selective absorption fusion and other polymer additive manufacturing processes.

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