Stratasys (NASDAQ:SSYS) Stock Price Up 6.7% – Time to Buy?

Stratasys, Ltd. (NASDAQ:SSYS)’s stock price rose 6.7% during mid-day trading on Thursday . The stock traded as high as $10.40 and last traded at $10.8120. Approximately 43,761 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 769,952 shares. The stock had previously closed at $10.13.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SSYS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a research note on Wednesday, October 8th. Needham & Company LLC reduced their target price on shares of Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Cantor Fitzgerald lifted their price target on shares of Stratasys from $13.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, UBS Group restated an “overweight” rating on shares of Stratasys in a report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Stratasys currently has an average rating of “Moderate Buy” and an average target price of $12.75.

Stratasys Stock Performance

The company has a current ratio of 3.65, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $905.44 million, a P/E ratio of -6.57 and a beta of 1.43. The business’s 50 day simple moving average is $9.16 and its two-hundred day simple moving average is $10.31.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, November 13th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $136.97 million for the quarter, compared to analysts’ expectations of $136.60 million. Stratasys had a negative net margin of 22.69% and a negative return on equity of 0.72%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share. Stratasys has set its FY 2025 guidance at 0.130-0.160 EPS. Sell-side analysts anticipate that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SSYS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Stratasys by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 212,555 shares of the technology company’s stock worth $2,148,000 after buying an additional 6,306 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Stratasys by 28.0% in the second quarter. Harbor Capital Advisors Inc. now owns 13,670 shares of the technology company’s stock worth $157,000 after acquiring an additional 2,991 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Stratasys by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,023 shares of the technology company’s stock worth $608,000 after acquiring an additional 2,172 shares during the period. MQS Management LLC purchased a new position in shares of Stratasys during the second quarter valued at approximately $180,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Stratasys by 24.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,901 shares of the technology company’s stock valued at $4,415,000 after purchasing an additional 76,557 shares during the period. 75.77% of the stock is owned by institutional investors.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.