Stratasys (NASDAQ:SSYS) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Stratasys shares recently crossed above the 200-day moving average of $10.47, trading as high as $11.66 before settling at $11.49.
• Analysts have mixed views on Stratasys, with Wall Street Zen downgrading the stock from "buy" to "hold" and Weiss Ratings giving it a "sell" rating, while three analysts maintain a "buy" rating.
• The company reported $138.09 million in revenue for the last quarter, slightly exceeding analyst expectations, and posted earnings per share (EPS) of $0.03, meeting estimates.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.47 and traded as high as $11.66. Stratasys shares last traded at $11.49, with a volume of 665,539 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen cut Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Stratasys in a report on Wednesday. Finally, Needham & Company LLC decreased 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 equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Stratasys has an average rating of "Moderate Buy" and a consensus target price of $14.33.

Stratasys Trading Down 0.5%

The stock has a 50-day simple moving average of $10.67 and a 200-day simple moving average of $10.47. The company has a market capitalization of $977.68 million, a price-to-earnings ratio of -8.57 and a beta of 1.59.

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

Institutional Investors Weigh In On Stratasys

Several institutional investors and hedge funds have recently made changes to their positions in SSYS. Raymond James Financial Inc. acquired a new stake in shares of Stratasys during the 2nd quarter valued at approximately $35,000. Osaic Holdings Inc. raised its position in shares of Stratasys by 66.7% during the 2nd quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company's stock valued at $94,000 after acquiring an additional 3,282 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Stratasys during the 1st quarter valued at approximately $105,000. Headlands Technologies LLC acquired a new stake in shares of Stratasys during the 2nd quarter valued at approximately $113,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Stratasys during the 1st quarter valued at approximately $128,000. 75.77% of the stock is 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.

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