Stratasys, Ltd. (NASDAQ:SSYS) Short Interest Update

Key Points

• Stratasys, Ltd. (NASDAQ:SSYS) experienced a significant increase in short interest in August, rising by 20.0% to a total of 1,920,000 shares, representing 3.6% of the stock sold short.
• The company's stock price increased by 0.9% to $9.93, with recent earnings per share matching analysts' expectations at $0.03 while reporting revenues of $138.09 million.
• Analysts have provided mixed ratings, with some downgrading Stratasys from a "buy" to a "hold," while others have set a consensus price target of $14.33 for the stock.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,920,000 shares, an increase of 20.0% from the August 15th total of 1,600,000 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily volume of 732,700 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 732,700 shares, the short-interest ratio is presently 2.6 days. Currently, 3.6% of the shares of the stock are sold short.

Stratasys Stock Up 0.9%

Shares of Stratasys stock traded up $0.09 on Thursday, reaching $9.93. The stock had a trading volume of 958,084 shares, compared to its average volume of 622,968. The stock has a market capitalization of $844.97 million, a P/E ratio of -7.41 and a beta of 1.62. Stratasys has a 1 year low of $6.92 and a 1 year high of $12.88. The company has a 50 day moving average price of $10.59 and a 200 day moving average price of $10.35.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. The business had revenue of $138.09 million during the quarter, compared to analyst estimates of $137.15 million. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SSYS shares. Wall Street Zen downgraded shares of Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Needham & Company LLC reduced their price target on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stratasys currently has an average rating of "Buy" and a consensus price target of $14.33.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. 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 increased its holdings in shares of Stratasys by 2.4% during the 1st 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 during the last quarter. Phoenix Financial Ltd. raised its position in shares of 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 buying an additional 12,900 shares during the last quarter. Invenomic Capital Management LP grew its holdings in shares of 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 purchasing an additional 1,302,264 shares in the last quarter. Finally, RPG Investment Advisory LLC boosted its stake in Stratasys by 102.3% in the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock worth $21,517,000 after purchasing an additional 1,111,491 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.