Stratasys (NASDAQ:SSYS) Shares Up 9.3% - Still a Buy?

Key Points

• Stratasys shares increased by 9.3% in a single day, closing at $11.94, following a notable trading volume spike of 82% compared to its average session volume.
• Despite the rise, Weiss Ratings has a "sell" rating on the stock, while Needham & Company LLC has set a revised target price of $13.00 and maintained a "buy" rating.
• Stratasys reported a quarterly earnings of $0.03 EPS, meeting analyst estimates with a revenue of $138.09 million, showing minimal year-over-year growth.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) shot up 9.3% on Monday . The stock traded as high as $11.99 and last traded at $11.94. 1,221,731 shares were traded during trading, an increase of 82% from the average session volume of 670,369 shares. The stock had previously closed at $10.92.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SSYS. Weiss Ratings reiterated a "sell (d-)" rating on shares of Stratasys in a research note on Wednesday, October 8th. 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. Finally, Wall Street Zen cut shares of Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $14.33.

Stratasys Stock Performance

The firm has a 50-day moving average price of $10.70 and a two-hundred day moving average price of $10.53. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -9.28 and a beta of 1.59.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 EPS 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%. The firm's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. Stratasys has set its FY 2025 guidance at EPS. Research analysts anticipate that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in Stratasys by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,023 shares of the technology company's stock valued at $608,000 after buying an additional 2,172 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Stratasys by 9.4% during the second quarter. OMERS ADMINISTRATION Corp now owns 28,000 shares of the technology company's stock worth $321,000 after buying an additional 2,400 shares during the period. Harbor Capital Advisors Inc. raised its stake in Stratasys by 28.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,670 shares of the technology company's stock valued at $157,000 after acquiring an additional 2,991 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Stratasys during the 2nd quarter worth approximately $35,000. Finally, Osaic Holdings Inc. grew its stake in shares of Stratasys by 66.7% in the 2nd quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company's stock valued at $94,000 after purchasing an additional 3,282 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.

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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