Stratasys (NASDAQ:SSYS) Stock Rating Lowered by Wall Street Zen

Key Points

• Stratasys has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, reflecting concerns about its stock performance.
• Needham & Company lowered its price target for Stratasys from $15.00 to $13.00, indicating a cautious outlook despite maintaining a "buy" rating.
• Stratasys has a market capitalization of $798.25 million and reported quarterly earnings that met analysts' expectations, with a revenue of $138.09 million.

Stratasys (NASDAQ:SSYS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday.

Separately, Needham & Company LLC cut their price objective on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Stratasys has a consensus rating of "Moderate Buy" and a consensus target price of $12.20.

Stratasys Price Performance

SSYS stock opened at $9.40 on Friday. Stratasys has a 52-week low of $6.05 and a 52-week high of $12.88. The company has a 50-day moving average of $10.92 and a two-hundred day moving average of $10.51. The stock has a market capitalization of $798.25 million, a price-to-earnings ratio of -7.01 and a beta of 1.57.

Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The technology company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. The business had revenue of $138.09 million during 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 for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Equities analysts expect that Stratasys will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SSYS. Raymond James Financial Inc. acquired a new position in Stratasys in the second quarter worth about $35,000. Harbor Capital Advisors Inc. acquired a new position in Stratasys in the first quarter worth about $105,000. Headlands Technologies LLC acquired a new position in Stratasys in the second quarter worth about $113,000. OLD Mission Capital LLC acquired a new position in Stratasys in the first quarter worth about $128,000. Finally, Hsbc Holdings PLC raised its position in Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after purchasing an additional 1,564 shares in the last quarter. Institutional investors and hedge funds 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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