Stratasys (NASDAQ:SSYS) Issues Earnings Results

Key Points

• Stratasys reported quarterly earnings of $0.03 per share, meeting analyst expectations, with a revenue of $138.09 million, slightly exceeding estimates.
• The company's stock price fell by 7.9% to $9.22 following the earnings release, and analysts have mixed ratings, with a target price adjusted from $15.00 to $13.00.
• Institutional investors own 75.77% of Stratasys, with significant holdings and increases noted from firms like JPMorgan Chase & Co. and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Stratasys (NASDAQ:SSYS - Get Free Report) posted its quarterly earnings data on Wednesday. The technology company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03, Briefing.com reports. The company 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 business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share. Stratasys updated its FY 2025 guidance to EPS.

Stratasys Stock Performance

Shares of NASDAQ SSYS traded up $1.29 during mid-day trading on Tuesday, reaching $10.61. 5,479,725 shares of the company traded hands, compared to its average volume of 713,023. The stock has a market cap of $901.00 million, a PE ratio of -7.92 and a beta of 1.57. The company's fifty day moving average is $10.89 and its two-hundred day moving average is $10.52. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $12.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Rubric Capital Management LP increased its holdings in shares of Stratasys by 18.3% during the 2nd quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company's stock valued at $89,502,000 after acquiring an additional 1,205,764 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Stratasys by 41.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 332,395 shares of the technology company's stock valued at $3,813,000 after acquiring an additional 96,731 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Stratasys by 75.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 329,872 shares of the technology company's stock valued at $3,784,000 after acquiring an additional 141,558 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Stratasys by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 212,555 shares of the technology company's stock valued at $2,148,000 after acquiring an additional 6,306 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Stratasys during the 2nd quarter valued at about $1,708,000. Institutional investors and hedge funds own 75.77% of the company's stock.

Analyst Upgrades and Downgrades

SSYS has been the subject of several research analyst reports. Wall Street Zen downgraded Stratasys from a "buy" rating to a "hold" rating in a research note on Sunday. Needham & Company LLC reduced their price objective on Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

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.