Stratasys (NASDAQ:SSYS) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Stratasys shares exceeded their 200-day moving average, trading at $11.20 with a high of $11.47, indicating potential upward momentum.
• Recent analyst reports resulted in a target price reduction from $15.00 to $13.00, yet the average rating remains a "Buy" with a target price of $14.33.
• Stratasys reported earnings of $0.03 per share, meeting expectations, while revenue showed a slight increase of 0.1% compared to the previous year.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.42 and traded as high as $11.47. Stratasys shares last traded at $11.20, with a volume of 550,195 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Wall Street Zen lowered shares of Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Stratasys presently has an average rating of "Buy" and an average target price of $14.33.

Stratasys Price Performance

The stock's 50 day simple moving average is $10.61 and its two-hundred day simple moving average is $10.42. The company has a market capitalization of $953.01 million, a P/E ratio of -8.36 and a beta of 1.62.

Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. The business had revenue of $138.09 million during the quarter, compared to analyst estimates of $137.15 million. During the same quarter last year, the business posted ($0.04) earnings per share. Stratasys's revenue for the quarter was up .1% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Institutional Trading of Stratasys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Stratasys during the 2nd quarter valued at about $35,000. Osaic Holdings Inc. raised its stake in shares of Stratasys by 66.7% during the second quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company's stock worth $94,000 after buying an additional 3,282 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Stratasys in the first quarter valued at approximately $105,000. Headlands Technologies LLC bought a new position in Stratasys in the second quarter valued at approximately $113,000. Finally, OLD Mission Capital LLC bought a new position in Stratasys in the first quarter valued at approximately $128,000. 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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