Stratasys (NASDAQ:SSYS) Sees Strong Trading Volume - Time to 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) saw an uptick in trading volume on Friday . 1,920,593 shares traded 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 brokerages have issued reports on SSYS. Wall Street Zen cut Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Needham & Company LLC lowered their price target on Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $14.33.

Stratasys Stock Performance

The firm has a market cap of $882.38 million, a price-to-earnings ratio of -7.74 and a beta of 1.62. The firm has a 50-day moving average price of $10.56 and a two-hundred day moving average price of $10.35.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued 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. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The business had revenue of $138.09 million for the quarter, compared to analyst estimates of $137.15 million. During the same quarter last year, the company earned ($0.04) EPS. The business's quarterly revenue was up .1% on a year-over-year basis. Stratasys has set its FY 2025 guidance at EPS. Research analysts anticipate that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SSYS. Raymond James Financial Inc. purchased a new position in Stratasys during the 2nd quarter worth approximately $35,000. Osaic Holdings Inc. grew its stake in shares of Stratasys by 66.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company's stock valued at $94,000 after purchasing an additional 3,282 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Stratasys in the 1st quarter valued at approximately $105,000. Headlands Technologies LLC purchased a new position in shares of Stratasys in the 2nd quarter valued at approximately $113,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Stratasys in the 1st quarter valued at approximately $128,000. 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.