Stratasys (NASDAQ:SSYS) Releases Quarterly Earnings Results, Hits Expectations

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 the consensus estimate of $0.03, Briefing.com reports. 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 19.02% and a negative return on equity of 1.86%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. Stratasys updated its FY 2025 guidance to EPS.

Stratasys Trading Down 7.9%

SSYS traded down $0.79 during midday trading on Thursday, hitting $9.22. The company's stock had a trading volume of 1,691,204 shares, compared to its average volume of 542,095. The firm has a market cap of $782.96 million, a P/E ratio of -6.15 and a beta of 1.57. The firm has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $10.51. Stratasys has a 52-week low of $6.05 and a 52-week high of $12.88.

Analyst Ratings Changes

SSYS has been the topic of several recent analyst reports. Needham & Company LLC dropped their target price on Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday. Wall Street Zen raised Stratasys from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Stratasys currently has an average rating of "Moderate Buy" and an average price target of $12.20.

Institutional Trading of Stratasys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Stratasys by 41.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 332,395 shares of the technology company's stock valued at $3,813,000 after buying an additional 96,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Stratasys by 3.1% in 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 purchasing an additional 6,306 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Stratasys in the 2nd quarter valued at about $1,708,000. Russell Investments Group Ltd. lifted its stake in shares of Stratasys by 17.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 78,902 shares of the technology company's stock valued at $905,000 after purchasing an additional 11,808 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Stratasys in the 2nd quarter valued at about $574,000. Hedge funds and other institutional investors 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.

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