Stratasys, Ltd. (NASDAQ:SSYS) has earned an average rating of “Hold” from the twenty-three ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $23.23.
Several brokerages recently weighed in on SSYS. Cowen and Company set a $27.00 price objective on shares of Stratasys and gave the company a “hold” rating in a report on Monday, August 7th. BidaskClub lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Citigroup Inc. upgraded shares of Stratasys from a “neutral” rating to a “buy” rating and cut their price objective for the company from $32.00 to $29.00 in a report on Thursday, August 10th. Deutsche Bank AG cut their price objective on shares of Stratasys from $31.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, August 10th. Finally, Needham & Company LLC lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th.
Stratasys (SSYS) traded up 1.47% on Friday, hitting $22.71. The company’s stock had a trading volume of 314,969 shares. The company has a 50 day moving average price of $23.00 and a 200-day moving average price of $23.56. The company’s market capitalization is $1.20 billion. Stratasys has a 1-year low of $16.37 and a 1-year high of $30.88.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.16. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The business had revenue of $170 million for the quarter, compared to analysts’ expectations of $167.82 million. During the same period in the prior year, the firm earned $0.12 earnings per share. Stratasys’s revenue was down 1.2% compared to the same quarter last year. On average, equities analysts forecast that Stratasys will post $0.37 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its stake in shares of Stratasys by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after buying an additional 458 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock worth $143,000 after buying an additional 225 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock worth $153,000 after buying an additional 3,204 shares during the last quarter. First Mercantile Trust Co. bought a new stake in shares of Stratasys during the second quarter worth approximately $184,000. Finally, Advisor Group Inc. raised its stake in shares of Stratasys by 6.8% in the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after buying an additional 528 shares during the last quarter. Institutional investors and hedge funds own 67.04% of the company’s stock.
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Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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