Stratasys (NASDAQ:SSYS) Rating Increased to Buy at Wall Street Zen

Key Points

• Stratasys has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating increased confidence in the company's stock performance.
• The stock reported a 3.6% increase following earnings that surpassed analyst expectations, with a quarterly revenue of $136.05 million, though it marked a 5.6% year-over-year decline.
• Institutional investors own approximately 75.77% of Stratasys shares, reflecting strong interest and investment from larger financial entities.

Stratasys (NASDAQ:SSYS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Stratasys Price Performance

Shares of Stratasys stock traded up $0.58 on Friday, reaching $11.36. 603,929 shares of the company were exchanged, compared to its average volume of 515,072. Stratasys has a 1-year low of $6.05 and a 1-year high of $12.88. The company has a market cap of $965.03 million, a P/E ratio of -7.58 and a beta of 1.57. The stock's 50 day moving average price is $10.95 and its 200-day moving average price is $10.51.

Hedge Funds Weigh In On Stratasys

A number of institutional investors and hedge funds have recently made changes to their positions in SSYS. Invenomic Capital Management LP grew its position in shares of Stratasys by 111.9% during the first quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company's stock worth $24,144,000 after buying an additional 1,302,264 shares in the last quarter. RPG Investment Advisory LLC boosted its holdings in Stratasys by 102.3% in the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock valued at $21,517,000 after purchasing an additional 1,111,491 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Stratasys by 84.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock valued at $20,862,000 after purchasing an additional 977,403 shares in the last quarter. Penn Capital Management Company LLC acquired a new position in Stratasys in the fourth quarter valued at approximately $5,376,000. Finally, Nuveen LLC acquired a new position in Stratasys in the first quarter valued at approximately $4,097,000. 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.