Analysts Set Stratasys Ltd. (NASDAQ:SSYS) PT at $12.20

Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.20.

Several analysts have commented on SSYS shares. StockNews.com upgraded Stratasys from a "hold" rating to a "buy" rating in a report on Thursday. Cantor Fitzgerald increased their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC raised their price objective on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 6th.

Stratasys Stock Performance

Stratasys stock traded up $0.10 during midday trading on Tuesday, reaching $11.16. 466,733 shares of the company were exchanged, compared to its average volume of 589,429. The firm's 50-day simple moving average is $9.75 and its 200-day simple moving average is $9.74. Stratasys has a 1 year low of $6.05 and a 1 year high of $12.88. The company has a market capitalization of $800.35 million, a price-to-earnings ratio of -8.45 and a beta of 1.50.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $136.05 million during the quarter, compared to analyst estimates of $134.11 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. The company's revenue was down 5.6% on a year-over-year basis. On average, analysts forecast that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Trading of Stratasys

Several hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in Stratasys in the fourth quarter worth $68,000. Teton Advisors Inc. bought a new position in shares of Stratasys during the fourth quarter worth about $89,000. SBI Securities Co. Ltd. acquired a new stake in shares of Stratasys in the 4th quarter worth about $90,000. Harbor Capital Advisors Inc. bought a new stake in Stratasys in the 1st quarter valued at about $105,000. Finally, OLD Mission Capital LLC bought a new stake in Stratasys in the 1st quarter valued at about $128,000. Institutional investors own 75.77% of the company's stock.

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.