Stratasys (NASDAQ:SSYS) Cut to Hold at 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.

Wall Street Zen lowered shares of Stratasys (NASDAQ:SSYS - Free Report) from a buy rating to a hold rating in a report published on Sunday.

Separately, Needham & Company LLC lowered their target price on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Stratasys currently has a consensus rating of "Moderate Buy" and an average target price of $12.20.

Stratasys Stock Performance

NASDAQ:SSYS traded up $0.45 during trading hours on Friday, hitting $10.77. The stock had a trading volume of 1,794,200 shares, compared to its average volume of 969,650. Stratasys has a one year low of $6.05 and a one year high of $12.88. The company has a market cap of $914.63 million, a price-to-earnings ratio of -8.04 and a beta of 1.57. The business's 50 day moving average is $10.89 and its 200-day moving average is $10.52.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SSYS. Rubric Capital Management LP lifted its stake in Stratasys by 18.3% in the second quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company's stock valued at $89,502,000 after acquiring an additional 1,205,764 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Stratasys by 2.4% in the first quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company's stock valued at $45,082,000 after acquiring an additional 109,331 shares during the last quarter. Phoenix Financial Ltd. lifted its stake in Stratasys by 0.4% in the first quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company's stock valued at $35,381,000 after acquiring an additional 12,900 shares during the last quarter. Invenomic Capital Management LP lifted its stake in Stratasys by 111.9% in the first quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company's stock valued at $24,144,000 after acquiring an additional 1,302,264 shares during the last quarter. Finally, RPG Investment Advisory LLC lifted its stake in shares of Stratasys by 102.3% during the 1st quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock worth $21,517,000 after buying an additional 1,111,491 shares during 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.