Stratasys (NASDAQ:SSYS) Shares Up 8.2% - What's Next?

Key Points

• Stratasys shares rose by 8.2% to $11.22, despite a 23% decline in trading volume compared to the average session.
• Analysts maintain a consensus "Buy" rating on Stratasys with an average price target of $14.33, even after some price target reductions.
• The company reported a net margin of -17.42% and a quarterly revenue of $138.09 million, slightly exceeding forecasts, while EPS came in at $0.03, matching expectations.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) traded up 8.2% on Tuesday . The stock traded as high as $11.17 and last traded at $11.22. 489,786 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 639,516 shares. The stock had previously closed at $10.37.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Needham & Company LLC reduced 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. Wall Street Zen cut Stratasys from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stratasys has a consensus rating of "Buy" and an average price target of $14.33.

Stratasys Stock Performance

The stock has a market cap of $994.70 million, a P/E ratio of -8.72 and a beta of 1.62. The firm's 50-day moving average is $10.56 and its two-hundred day moving average is $10.35.

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

Institutional Trading of Stratasys

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in shares of Stratasys in the 1st quarter valued at $345,000. Brown Advisory Inc. bought a new stake in Stratasys during the 1st quarter valued at about $369,000. Northern Trust Corp boosted its holdings in shares of Stratasys by 26.0% during the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock valued at $395,000 after acquiring an additional 9,168 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Stratasys during the 1st quarter valued at about $1,143,000. Finally, Trexquant Investment LP purchased a new position in shares of Stratasys in the first quarter worth approximately $1,213,000. 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.

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