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

Key Points

• Stratasys, Ltd. has received a consensus rating of "Moderate Buy" from five analysts, with one hold rating and four buy ratings, and an average target price of $12.20 over the next year.
• On May 8th, Stratasys reported earnings of $0.04 per share, surpassing estimates, but experienced a 5.6% decline in revenue year-over-year.
• Institutional investors own 75.77% of Stratasys shares, indicating strong backing from larger financial entities.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five analysts that are covering the stock, Marketbeat 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 twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.20.

Separately, Wall Street Zen upgraded shares of Stratasys from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th.

Stratasys Trading Down 0.4%

Stratasys stock traded down $0.05 during trading hours on Friday, reaching $10.81. 77,319 shares of the company were exchanged, compared to its average volume of 525,674. The firm has a market cap of $917.56 million, a price-to-earnings ratio of -7.21 and a beta of 1.53. The stock has a 50-day moving average of $10.89 and a 200 day moving average of $10.40. Stratasys has a 12 month low of $6.05 and a 12 month high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company 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 1.86% and a negative net margin of 19.02%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share. As a group, research analysts forecast that Stratasys will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Stratasys

A number of institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its holdings in Stratasys by 2.4% during 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 purchasing an additional 109,331 shares in the last quarter. Phoenix Financial Ltd. boosted its holdings in Stratasys by 0.4% during the first 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 in the last quarter. Invenomic Capital Management LP boosted its holdings in Stratasys by 111.9% during the first quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company's stock valued at $24,144,000 after purchasing an additional 1,302,264 shares in the last quarter. RPG Investment Advisory LLC boosted its holdings in Stratasys by 102.3% during the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock valued at $21,517,000 after purchasing an additional 1,111,491 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Stratasys by 84.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock valued at $20,862,000 after purchasing an additional 977,403 shares in the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.