Stratasys (NASDAQ:SSYS) Sees Large Volume Increase - Here's What Happened

Key Points

• Stratasys shares experienced a significant 34% increase in trading volume, reaching 907,068 shares, with the stock price last trading at $12.51.
• Recent analyst ratings show a mix of sentiment, with a downgrade from "buy" to "hold" by Wall Street Zen and a new price target of $13.00 set by Needham & Company, though the overall consensus rating remains a "Moderate Buy."
• Stratasys reported a quarterly EPS of $0.03, meeting estimates, with a slight year-over-year revenue increase of 0.1% to $138.09 million, amid a negative net margin of 17.42%.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) shares saw an uptick in trading volume on Tuesday . 907,068 shares traded hands during mid-day trading, an increase of 34% from the previous session's volume of 679,233 shares.The stock last traded at $12.51 and had previously closed at $12.44.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SSYS. Wall Street Zen downgraded shares of Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Needham & Company LLC dropped their price target on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Stratasys in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.33.

Stratasys Stock Performance

The company has a market cap of $1.05 billion, a P/E ratio of -9.26 and a beta of 1.59. The firm's 50 day moving average price is $10.74 and its two-hundred day moving average price is $10.56.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 EPS for the quarter, meeting 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%. Stratasys's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. Stratasys has set its FY 2025 guidance at EPS. As a group, analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Inspire Investing LLC bought a new position in shares of Stratasys during the first quarter valued at about $345,000. Brown Advisory Inc. purchased a new stake in Stratasys during the first quarter valued at about $369,000. Trexquant Investment LP purchased a new stake in Stratasys during the first quarter valued at about $1,213,000. Janney Montgomery Scott LLC purchased a new stake in shares of Stratasys in the first quarter worth about $498,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Stratasys by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company's stock worth $45,082,000 after buying an additional 109,331 shares in the last quarter. 75.77% of the stock is owned by institutional investors.

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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