Weiss Ratings Reaffirms "Sell (D-)" Rating for Stratasys (NASDAQ:SSYS)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Stratasys (NASDAQ:SSYS), indicating continued bearish sentiment from the research firm.
• Stratasys shares opened at $11.49, with a market cap of $977.68 million, and have seen a 52-week low of $6.92 and high of $12.88.
• Despite a marginal revenue increase of 0.1% year-over-year, Stratasys reported a negative return on equity of -1.06% and a net margin of -17.42% for the last quarter.

Stratasys (NASDAQ:SSYS - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

SSYS has been the topic of a number of other research reports. Needham & Company LLC reduced their target price on Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Wall Street Zen downgraded Stratasys from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.33.

Stratasys Trading Down 0.5%

Stratasys stock opened at $11.49 on Wednesday. The stock has a market cap of $977.68 million, a P/E ratio of -8.57 and a beta of 1.59. The stock has a 50 day moving average of $10.67 and a 200-day moving average of $10.47. Stratasys has a 52 week low of $6.92 and a 52 week high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results 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 the consensus estimate of $137.15 million. During the same quarter last year, the business posted ($0.04) EPS. Stratasys's quarterly revenue was up .1% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Stratasys will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rubric Capital Management LP raised its position in shares of Stratasys by 18.3% during the second quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company's stock worth $89,502,000 after purchasing an additional 1,205,764 shares during the period. Neuberger Berman Group LLC raised its position in shares of Stratasys by 2.4% during the first quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company's stock worth $45,082,000 after purchasing an additional 109,331 shares during the period. Phoenix Financial Ltd. raised its position in shares of Stratasys by 0.4% during the first quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company's stock worth $35,381,000 after purchasing an additional 12,900 shares during the period. Invenomic Capital Management LP raised 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 purchasing an additional 1,302,264 shares during the period. Finally, RPG Investment Advisory LLC raised its position in shares of Stratasys by 102.3% during the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock worth $21,517,000 after purchasing an additional 1,111,491 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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