BidaskClub downgraded shares of Stratasys (NASDAQ:SSYS) from a sell rating to a strong sell rating in a research note released on Monday morning.
Several other research analysts have also recently commented on the stock. ValuEngine cut shares of Stratasys from a hold rating to a sell rating in a report on Tuesday, October 23rd. Zacks Investment Research raised shares of Stratasys from a hold rating to a buy rating and set a $26.00 target price on the stock in a report on Monday, October 1st. Susquehanna Bancshares set a $27.00 target price on shares of Stratasys and gave the stock a buy rating in a report on Thursday, November 1st. Finally, Cowen set a $22.00 price target on shares of Stratasys and gave the stock a hold rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $20.86.
Shares of SSYS traded up $0.15 during mid-day trading on Monday, hitting $19.62. 3,780 shares of the company’s stock were exchanged, compared to its average volume of 445,595. Stratasys has a 52 week low of $17.06 and a 52 week high of $26.17. The stock has a market capitalization of $1.04 billion, a PE ratio of 150.85, a P/E/G ratio of 3.41 and a beta of 1.62. The company has a current ratio of 3.95, a quick ratio of 3.23 and a debt-to-equity ratio of 0.02.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, November 1st. The technology company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.06. Stratasys had a negative net margin of 4.10% and a positive return on equity of 1.01%. The company had revenue of $162.00 million for the quarter, compared to analysts’ expectations of $161.88 million. During the same period last year, the firm earned $0.08 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that Stratasys will post 0.29 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc boosted its position in shares of Stratasys by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 127,778 shares of the technology company’s stock worth $2,953,000 after acquiring an additional 1,620 shares in the last quarter. Federated Investors Inc. PA boosted its position in Stratasys by 160.7% in the third quarter. Federated Investors Inc. PA now owns 179,532 shares of the technology company’s stock valued at $4,149,000 after buying an additional 110,654 shares in the last quarter. Teachers Advisors LLC boosted its position in Stratasys by 3.0% in the third quarter. Teachers Advisors LLC now owns 97,664 shares of the technology company’s stock valued at $2,257,000 after buying an additional 2,832 shares in the last quarter. Baillie Gifford & Co. boosted its position in Stratasys by 6.8% in the third quarter. Baillie Gifford & Co. now owns 730,521 shares of the technology company’s stock valued at $16,883,000 after buying an additional 46,685 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Stratasys by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,703,020 shares of the technology company’s stock valued at $62,467,000 after buying an additional 58,472 shares in the last quarter. Institutional investors and hedge funds own 74.56% of the company’s stock.
Stratasys Company Profile
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.
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