Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.42 and traded as high as $8.48. Stratasys shares last traded at $8.24, with a volume of 510,468 shares changing hands.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Stratasys in a research report on Tuesday, August 18th. Zacks Research cut Stratasys from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.33.
Check Out Our Latest Analysis on SSYS
Stratasys Stock Performance
The stock's fifty day moving average price is $8.19 and its 200-day moving average price is $8.42. The firm has a market cap of $710.04 million, a PE ratio of -6.15 and a beta of 1.99.
Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data 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. Sell-side analysts forecast that Stratasys, Ltd. will post -0.19 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Stratasys
Institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in Stratasys during the first quarter worth $11,107,000. Rubric Capital Management LP grew its holdings in Stratasys by 9.0% in the first quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company's stock valued at $62,480,000 after purchasing an additional 659,974 shares during the last quarter. State of Michigan Retirement System acquired a new stake in Stratasys in the first quarter valued at $3,905,000. Tidal Investments LLC increased its position in shares of Stratasys by 116.7% in the second quarter. Tidal Investments LLC now owns 128,353 shares of the technology company's stock valued at $1,099,000 after buying an additional 69,115 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Stratasys in the second quarter valued at $553,000. Hedge funds and other institutional investors own 75.77% of the company's stock.
About Stratasys
(
Get Free Report)
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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