Stratasys Sees Unusually High Options Volume (NASDAQ:SSYS)

Key Points

• Stratasys saw an unusual surge in options trading with a 472% increase in call options purchased, totaling 16,883 on Monday compared to an average of 2,950.
• The company's stock price rose to $11.86 with a trading volume of over 1 million shares, significantly above its average volume of about 669,000.
• Analysts have mixed ratings on Stratasys, with Weiss Ratings issuing a "sell" rating while other firms lowered their target price or adjusted ratings, leading to a consensus rating of "Moderate Buy."

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders purchased 16,883 call options on the company. This represents an increase of approximately 472% compared to the average volume of 2,950 call options.

Stratasys Price Performance

Shares of Stratasys stock traded up $0.94 during midday trading on Monday, reaching $11.86. The company had a trading volume of 1,013,951 shares, compared to its average volume of 669,110. The stock has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.53. The firm has a market cap of $1.01 billion, a PE ratio of -8.89 and a beta of 1.59. Stratasys has a fifty-two week low of $6.92 and a fifty-two week high of $12.88.

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. 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 previous year, the firm earned ($0.04) earnings per share. The firm's quarterly revenue was up .1% on a year-over-year basis. Stratasys has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Stratasys will post -0.4 EPS for the current year.

Analysts Set New Price Targets

SSYS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Stratasys in a research report on Wednesday, October 8th. Needham & Company LLC decreased their target price on Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Finally, Wall Street Zen cut Stratasys from a "buy" rating to a "hold" rating in a research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.33.

Hedge Funds Weigh In On Stratasys

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Stratasys in the second quarter valued at approximately $35,000. Osaic Holdings Inc. lifted its stake in Stratasys by 66.7% in the second quarter. Osaic Holdings Inc. now owns 8,199 shares of the technology company's stock valued at $94,000 after buying an additional 3,282 shares during the period. Headlands Technologies LLC acquired a new position in Stratasys in the second quarter valued at approximately $113,000. OLD Mission Capital LLC acquired a new position in shares of Stratasys during the first quarter worth approximately $128,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Stratasys by 28.0% during the second quarter. Harbor Capital Advisors Inc. now owns 13,670 shares of the technology company's stock worth $157,000 after purchasing an additional 2,991 shares during the period. 75.77% of the stock is owned by institutional investors and hedge funds.

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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