Stratasys, Ltd. (NASDAQ:SSYS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Stratasys, Ltd. (NASDAQ:SSYS) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.3333.

A number of analysts have issued reports on the stock. Zacks Research cut shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research report on Tuesday, August 18th.

Institutional Investors Weigh In On Stratasys

A number of large investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC bought a new position in shares of Stratasys in the 1st quarter valued at approximately $11,107,000. Monaco Asset Management SAM acquired a new stake in Stratasys in the 4th quarter worth approximately $998,000. Rubric Capital Management LP boosted its position in Stratasys by 9.0% during the first quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock worth $62,480,000 after purchasing an additional 659,974 shares during the period. State of Michigan Retirement System bought a new stake in Stratasys during the first quarter worth approximately $3,905,000. Finally, Legal & General Group Plc grew its holdings in Stratasys by 11.6% during the fourth quarter. Legal & General Group Plc now owns 1,032,041 shares of the technology company’s stock valued at $8,958,000 after purchasing an additional 107,472 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

Stratasys Price Performance

Shares of SSYS stock opened at $7.77 on Friday. Stratasys has a fifty-two week low of $7.34 and a fifty-two week high of $12.81. The stock’s 50-day moving average is $8.27 and its two-hundred day moving average is $8.63. The firm has a market cap of $669.56 million, a P/E ratio of -5.80 and a beta of 1.93.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%.The business had revenue of $137.61 million during the quarter. As a group, research analysts expect that Stratasys will post -0.19 EPS for the current year.

Stratasys Company Profile

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.