Stratasys Ltd. (NASDAQ:SSYS) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat Ratings 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 issued ratings on the stock in the last year is $12.20.

SSYS has been the subject of several recent research reports. Cantor Fitzgerald boosted their price target on shares of Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Wall Street Zen raised shares of Stratasys from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Needham & Company LLC upped their target price on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, March 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Neuberger Berman Group LLC boosted its stake in Stratasys by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company's stock valued at $45,082,000 after acquiring an additional 109,331 shares in the last quarter. Phoenix Financial Ltd. lifted its holdings in shares of Stratasys by 0.4% during the 1st quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company's stock valued at $35,381,000 after purchasing an additional 12,900 shares during the last quarter. Invenomic Capital Management LP boosted its position in shares of Stratasys by 111.9% in the 1st quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company's stock worth $24,144,000 after purchasing an additional 1,302,264 shares in the last quarter. 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. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Stratasys by 84.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock valued at $20,862,000 after buying an additional 977,403 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.

Stratasys Stock Performance

SSYS remained flat at $10.66 during trading on Friday. The company's stock had a trading volume of 418,086 shares, compared to its average volume of 571,034. The stock has a 50-day moving average price of $9.92 and a 200 day moving average price of $10.01. The firm has a market capitalization of $764.49 million, a price-to-earnings ratio of -8.08 and a beta of 1.52. Stratasys has a one year low of $6.05 and a one year high of $12.88.

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

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.