Stratasys (NASDAQ:SSYS) Shares Gap Up - Time to Buy?

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 changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SSYS shares. Needham & Company LLC reduced their target price on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Wall Street Zen cut shares of Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Stratasys has an average rating of "Moderate Buy" and a consensus price target of $12.20.

Stratasys Stock Performance

The company has a fifty day moving average of $10.89 and a two-hundred day moving average of $10.52. The company has a market cap of $893.40 million, a PE ratio of -7.89 and a beta of 1.57.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $138.09 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. Stratasys has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current year.

Institutional Trading of Stratasys

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Stratasys in the 2nd quarter valued at about $113,000. Tidal Investments LLC boosted its position in Stratasys by 11.9% in the 2nd quarter. Tidal Investments LLC now owns 52,794 shares of the technology company's stock valued at $606,000 after buying an additional 5,607 shares during the period. Rubric Capital Management LP increased its holdings in Stratasys by 18.3% in the second quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company's stock valued at $89,502,000 after buying an additional 1,205,764 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Stratasys by 75.2% in the second quarter. BNP Paribas Financial Markets now owns 329,872 shares of the technology company's stock valued at $3,784,000 after acquiring an additional 141,558 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Stratasys during the second quarter worth about $35,000. Institutional investors and hedge funds 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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