Stratasys (NASDAQ:SSYS) Reaches New 1-Year Low - Time to Sell?

Key Points

• Stratasys fell to a new 52-week low of $6.72, last trading at $6.84, down 2.2% from its prior close. The stock’s 50-day and 200-day moving averages were $7.93 and $8.38, respectively.
• Analyst sentiment is mixed: four analysts rate the stock Buy, one rates it Hold, and one rates it Sell. Despite a consensus “Moderate Buy” rating, the average price target of $12.33 is well above the current price.
• The company reported $137.61 million in quarterly revenue and $0.03 in EPS, but posted a negative 21.05% net margin; analysts expect a full-year loss of $0.19 per share. Institutional investors own 75.77% of Stratasys, with several funds increasing their positions.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) reached a new 52-week low on Thursday. The company traded as low as $6.72 and last traded at $6.84, with a volume of 62,777 shares traded. The stock had previously closed at $6.94.

Analyst Ratings Changes

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

Stratasys Stock Down 2.2%

The stock has a market cap of $597.64 million, a P/E ratio of -5.05 and a beta of 1.99. The firm's 50-day moving average is $7.93 and its two-hundred day moving average is $8.38.

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

Hedge Funds Weigh In On Stratasys

Institutional investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC bought a new stake in Stratasys during the 3rd quarter valued at approximately $941,000. Kopion Asset Management LLC grew its holdings in Stratasys by 11.0% in the 3rd quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company's stock valued at $8,745,000 after buying an additional 104,371 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Stratasys by 860.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company's stock valued at $30,000 after buying an additional 3,194 shares during the last quarter. Moody National Bank Trust Division increased its position in Stratasys by 6.5% in the 3rd quarter. Moody National Bank Trust Division now owns 89,038 shares of the technology company's stock worth $740,000 after buying an additional 5,401 shares during the period. Finally, Tidal Investments LLC increased its position in Stratasys by 116.7% in the 2nd quarter. Tidal Investments LLC now owns 128,353 shares of the technology company's stock worth $1,099,000 after buying an additional 69,115 shares during the period. 75.77% of the stock is currently owned by institutional investors.

About Stratasys

Stratasys Ltd. NASDAQ: SSYS is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services. Its technologies are designed for prototyping, tooling and production applications across a range of industries.

The company's portfolio includes polymer-based 3D printing platforms using technologies such as Fused Deposition Modeling, PolyJet and stereolithography. Stratasys also provides proprietary printing materials, workflow and design software, technical support, and manufacturing services.

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