Stratasys, Ltd. (NASDAQ:SSYS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Stratasys, Ltd. (NASDAQ:SSYS) has been given a consensus rating of “Moderate Buy” from five analysts, with an average 12-month price target of $12.20.
• Recent analyst activity includes Needham & Company lowering their price target from $15.00 to $13.00 and a downgrade from Wall Street Zen from “buy” to “hold.”
• Stratasys reported $0.03 earnings per share for the last quarter and had revenue of $138.09 million, slightly above analysts' estimates.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) has received an average rating of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.20.

A number of brokerages have recently weighed in on SSYS. Wall Street Zen lowered Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Needham & Company LLC cut their price objective on Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th.

Stratasys Trading Down 1.6%

Shares of SSYS stock traded down $0.17 during mid-day trading on Thursday, reaching $10.75. The stock had a trading volume of 814,396 shares, compared to its average volume of 1,119,021. The business's fifty day moving average is $10.92 and its 200-day moving average is $10.47. The firm has a market cap of $912.89 million, a price-to-earnings ratio of -8.02 and a beta of 1.57. Stratasys has a 1-year low of $6.05 and a 1-year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. The business had revenue of $138.09 million for the quarter, compared to analyst estimates of $137.15 million. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The company's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share. Stratasys has set its FY 2025 guidance at EPS. On average, analysts forecast that Stratasys will post -0.4 earnings per share for the current year.

Institutional Trading of Stratasys

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Advisory Inc. acquired a new stake in Stratasys during the first quarter worth about $369,000. Northern Trust Corp grew its holdings in Stratasys by 26.0% during the fourth quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock worth $395,000 after acquiring an additional 9,168 shares during the period. SG Americas Securities LLC acquired a new stake in Stratasys during the first quarter worth about $1,143,000. BNP Paribas Financial Markets grew its holdings in Stratasys by 46.6% during the fourth quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company's stock worth $1,690,000 after acquiring an additional 60,407 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after acquiring an additional 1,564 shares during the period. 75.77% of the stock is owned by institutional investors and hedge funds.

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.