Stratasys (NASDAQ:SSYS) Shares Gap Up - Here's Why

Key Points

• Stratasys shares gapped up from $9.32 to $9.88 at market open, showcasing increased investor interest, with the last trading price at $10.08 and over 981,000 shares exchanged.
• Recent analyst ratings show a mix of opinions, with Needham & Company lowering its target price from $15.00 to $13.00 while four analysts maintain a "Buy" rating and one a "Hold" rating, leading to a consensus target of $12.20.
• Stratasys reported a quarterly revenue of $138.09 million, meeting expectations and reflecting a year-over-year increase, though it still faced a negative net margin of 17.42%.

Shares of Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $9.32, but opened at $9.88. Stratasys shares last traded at $10.08, with a volume of 981,701 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Needham & Company LLC lowered 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. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Stock Up 2.9%

The stock has a market capitalization of $940.91 million, a price-to-earnings ratio of -8.27 and a beta of 1.57. The business's 50-day moving average is $10.91 and its two-hundred day moving average is $10.49.

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, meeting the consensus estimate of $0.03. The company 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%. Stratasys's revenue was up .1% on a year-over-year basis. During the same period 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.

Hedge Funds Weigh In On Stratasys

Several institutional investors and hedge funds have recently bought and sold shares of SSYS. Raymond James Financial Inc. acquired a new position in Stratasys in the 2nd quarter valued at about $35,000. Harbor Capital Advisors Inc. acquired a new position in shares of Stratasys in the 1st quarter worth approximately $105,000. Headlands Technologies LLC acquired a new position in shares of Stratasys in the 2nd quarter worth approximately $113,000. OLD Mission Capital LLC acquired a new position in shares of Stratasys in the 1st quarter worth approximately $128,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after acquiring an additional 1,564 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

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.