Stratasys Ltd. (NASDAQ:SSYS) Receives Average Rating of "Moderate Buy" from Analysts

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

A number of research firms have recently weighed in on SSYS. Cantor Fitzgerald upped their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Needham & Company LLC upped their target price on Stratasys from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Wall Street Zen upgraded Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th.

Institutional Trading of Stratasys

Institutional investors and hedge funds have recently made changes to their positions in the stock. Formidable Asset Management LLC raised its stake in shares of Stratasys by 4.1% in the 4th quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock valued at $218,000 after acquiring an additional 965 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock valued at $148,000 after purchasing an additional 1,564 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Stratasys by 12.1% in the fourth quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company's stock worth $252,000 after buying an additional 3,071 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Stratasys by 1.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,249 shares of the technology company's stock worth $1,832,000 after buying an additional 3,797 shares during the period. Finally, Legal & General Group Plc grew its stake in Stratasys by 0.6% in the 4th quarter. Legal & General Group Plc now owns 941,407 shares of the technology company's stock valued at $8,369,000 after buying an additional 5,541 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company's stock.

Stratasys Stock Up 0.4%

SSYS opened at $10.45 on Friday. The firm has a market capitalization of $749.43 million, a P/E ratio of -7.92 and a beta of 1.52. The stock has a fifty day moving average of $9.91 and a 200-day moving average of $10.00. Stratasys has a 12-month low of $6.05 and a 12-month 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 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $134.11 million. During the same period last year, the company posted ($0.02) earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts expect that Stratasys will post -0.4 earnings per share for the current fiscal year.

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.

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