Stratasys, Ltd. (NASDAQ:SSYS)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a report issued on Friday, October 27th.
SSYS has been the subject of a number of other reports. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, September 22nd. Susquehanna Bancshares Inc upgraded Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price for the company in a research note on Friday, October 20th. Cowen and Company set a $27.00 target price on Stratasys and gave the company a “hold” rating in a research note on Monday, August 7th. BidaskClub downgraded Stratasys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. upgraded Stratasys from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $32.00 to $29.00 in a research report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Stratasys currently has an average rating of “Hold” and a consensus price target of $24.24.
Shares of Stratasys (SSYS) traded down $0.35 during trading on Friday, reaching $20.45. The company had a trading volume of 870,400 shares, compared to its average volume of 763,815. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 3.32. The company has a market capitalization of $1,080.86, a price-to-earnings ratio of 292.14, a P/E/G ratio of 17.04 and a beta of 1.40. Stratasys has a 1 year low of $16.37 and a 1 year high of $30.88.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased 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 acquiring an additional 458 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of Stratasys in the second quarter worth $184,000. Advisor Group Inc. increased 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 acquiring an additional 528 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Stratasys by 24.8% in the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after acquiring an additional 1,674 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Stratasys in the second quarter worth $200,000. 65.84% of the stock is currently owned by institutional investors and hedge funds.
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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