BidaskClub upgraded shares of Stratasys (NASDAQ:SSYS) from a sell rating to a hold rating in a research note published on Saturday, January 6th.
Several other equities analysts have also recently issued reports on SSYS. Zacks Investment Research cut shares of Stratasys from a buy rating to a hold rating in a research report on Thursday, September 21st. Needham & Company LLC reiterated a hold rating on shares of Stratasys in a research report on Friday, October 13th. Loop Capital cut their price objective on shares of Stratasys from $24.00 to $21.00 and set a hold rating on the stock in a report on Wednesday, November 15th. B. Riley restated a hold rating and issued a $30.00 price objective on shares of Stratasys in a report on Wednesday, November 15th. Finally, KeyCorp restated a hold rating on shares of Stratasys in a report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $24.94.
Stratasys (NASDAQ:SSYS) traded up $0.95 during mid-day trading on Friday, hitting $23.24. Stratasys has a 1 year low of $18.04 and a 1 year high of $30.88. The firm has a market cap of $1,240.00, a PE ratio of -21.92, a PEG ratio of 4.23 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.58.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. The firm had revenue of $155.90 million for the quarter, compared to analysts’ expectations of $160.97 million. The company’s revenue was down .8% compared to the same quarter last year. equities research analysts anticipate that Stratasys will post 0.17 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in Stratasys by 9.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 84,706 shares of the technology company’s stock valued at $1,975,000 after purchasing an additional 7,500 shares during the period. Rhumbline Advisers lifted its position in Stratasys by 1.6% during the second quarter. Rhumbline Advisers now owns 57,006 shares of the technology company’s stock valued at $1,329,000 after purchasing an additional 889 shares during the period. SG Americas Securities LLC lifted its position in Stratasys by 24.8% during the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock valued at $197,000 after purchasing an additional 1,674 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Stratasys during the second quarter valued at approximately $200,000. Finally, Engineers Gate Manager LP lifted its position in Stratasys by 29.0% during the second quarter. Engineers Gate Manager LP now owns 28,607 shares of the technology company’s stock valued at $667,000 after purchasing an additional 6,432 shares during the period. Hedge funds and other institutional investors own 70.99% of the company’s stock.
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.
Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.