Stratasys (NASDAQ:SSYS) Sees Large Volume Increase - Should You Buy?

Key Points

• Stratasys experienced a significant increase in trading volume, with 1,920,593 shares traded, marking a 206% rise compared to the previous session's volume.
• Analysts have adjusted their price targets for Stratasys, with Needham & Company lowering its target from $15.00 to $13.00 while maintaining a "buy" rating, and an average target price now set at $14.33.
• The company reported quarterly earnings of $0.03 EPS, meeting expectations, with revenue of $138.09 million, reflecting a slight year-over-year increase of 0.1%.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 1,920,593 shares changed hands during mid-day trading, an increase of 206% from the previous session's volume of 627,090 shares.The stock last traded at $10.63 and had previously closed at $9.93.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SSYS shares. Wall Street Zen lowered shares of Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. 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 report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stratasys has a consensus rating of "Buy" and an average target price of $14.33.

Stratasys Stock Up 6.0%

The business has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $10.34. The stock has a market capitalization of $896.00 million, a P/E ratio of -7.86 and a beta of 1.62.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $138.09 million for 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 firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) EPS. Stratasys has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Institutional Trading of Stratasys

Several hedge funds have recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in Stratasys by 26.0% in the fourth quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock valued at $395,000 after acquiring an additional 9,168 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Stratasys by 8.4% in the 4th quarter. Millennium Management LLC now owns 90,715 shares of the technology company's stock valued at $806,000 after purchasing an additional 7,066 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Stratasys by 12.1% in the fourth quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company's stock valued at $252,000 after acquiring an additional 3,071 shares during the last quarter. Two Sigma Investments LP bought a new position in Stratasys in the fourth quarter valued at approximately $261,000. Finally, Squarepoint Ops LLC boosted its position in shares of Stratasys by 782.2% in the 4th quarter. Squarepoint Ops LLC now owns 103,209 shares of the technology company's stock worth $918,000 after purchasing an additional 91,510 shares during the last quarter. 75.77% of the stock is owned by institutional investors.

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.