Brokerages Set Stratasys, Ltd. (NASDAQ:SSYS) Price Target at $12.20

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.

Shares of Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.20.

Several research analysts have recently commented on the stock. Needham & Company LLC lowered their price objective on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Wall Street Zen downgraded Stratasys from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th.

Stratasys Stock Performance

Shares of NASDAQ SSYS traded up $0.31 during trading on Thursday, reaching $11.08. The stock had a trading volume of 1,583,683 shares, compared to its average volume of 1,029,044. The stock has a market cap of $940.91 million, a PE ratio of -8.27 and a beta of 1.57. Stratasys has a one year low of $6.05 and a one year high of $12.88. The firm's 50 day moving average price is $10.91 and its two-hundred day moving average price is $10.49.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Rubric Capital Management LP grew its stake in Stratasys by 18.3% during the 2nd quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company's stock worth $89,502,000 after buying an additional 1,205,764 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Stratasys by 2.4% during the 1st quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company's stock worth $45,082,000 after buying an additional 109,331 shares during the last quarter. Phoenix Financial Ltd. grew its stake in Stratasys by 0.4% during the 1st quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company's stock worth $35,381,000 after buying an additional 12,900 shares during the last quarter. Invenomic Capital Management LP grew its stake in Stratasys by 111.9% during the 1st quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company's stock worth $24,144,000 after buying an additional 1,302,264 shares during the last quarter. Finally, RPG Investment Advisory LLC grew its stake in Stratasys by 102.3% during the 1st quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock worth $21,517,000 after buying an additional 1,111,491 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

About Stratasys

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.