StockNews.com Begins Coverage on Stratasys (NASDAQ:SSYS)

StockNews.com started coverage on shares of Stratasys (NASDAQ:SSYS) in a report published on Tuesday morning. The brokerage issued a buy rating on the technology company’s stock.

Separately, Cantor Fitzgerald assumed coverage on Stratasys in a research note on Tuesday, February 13th. They issued an overweight rating and a $24.00 price target for the company.

Stratasys Stock Down 0.8 %

Shares of SSYS stock opened at $9.04 on Tuesday. Stratasys has a 12 month low of $8.90 and a 12 month high of $21.72. The company’s fifty day simple moving average is $10.35 and its 200-day simple moving average is $11.81. The firm has a market cap of $629.69 million, a PE ratio of -5.05 and a beta of 1.33.

Stratasys (NASDAQ:SSYS) last released its earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The business had revenue of $156.34 million during the quarter, compared to the consensus estimate of $153.96 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts predict that Stratasys will post -0.29 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 company. Values First Advisors Inc. increased its position in Stratasys by 4.4% during the fourth quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock worth $281,000 after buying an additional 828 shares during the last quarter. Van ECK Associates Corp raised its stake in Stratasys by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 20,306 shares of the technology company’s stock valued at $276,000 after acquiring an additional 1,199 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Stratasys by 4.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock valued at $565,000 after purchasing an additional 1,850 shares during the last quarter. Formidable Asset Management LLC boosted its position in Stratasys by 14.7% during the third quarter. Formidable Asset Management LLC now owns 17,547 shares of the technology company’s stock worth $239,000 after purchasing an additional 2,250 shares during the period. Finally, RIA Advisory Group LLC acquired a new position in shares of Stratasys in the fourth quarter valued at $33,000. 75.77% of the stock is owned by institutional investors.

About Stratasys

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.