Stratasys Ltd. (SSYS) Downgraded by Vetr Inc. to “Buy”
Vetr lowered shares of Stratasys Ltd. (NASDAQ:SSYS) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning. They currently have $26.67 price target on the stock.
Several other analysts have also recently commented on SSYS. Pacific Crest restated an equal weight rating on shares of Stratasys in a report on Sunday, June 5th. Needham & Company LLC reiterated a buy rating and issued a $26.00 price target on shares of Stratasys in a report on Thursday, June 9th. FBR & Co reiterated a buy rating and issued a $29.00 price target on shares of Stratasys in a report on Tuesday, June 14th. Zacks Investment Research upgraded Stratasys from a hold rating to a buy rating and set a $22.00 price target on the stock in a report on Tuesday, June 28th. Finally, Piper Jaffray Cos. cut Stratasys from an overweight rating to a neutral rating and decreased their price target for the company from $32.00 to $24.00 in a report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $25.48.
Stratasys (NASDAQ:SSYS) opened at 23.78 on Wednesday. The firm’s 50-day moving average price is $22.33 and its 200 day moving average price is $22.74. Stratasys has a 1-year low of $14.48 and a 1-year high of $32.52. The stock’s market cap is $1.24 billion.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, August 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $175.88 million. Stratasys had a negative return on equity of 1.31% and a negative net margin of 177.98%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities research analysts expect that Stratasys will post $0.32 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Primecap Management Co. CA raised its stake in shares of Stratasys by 22.0% in the first quarter. Primecap Management Co. CA now owns 4,006,200 shares of the company’s stock worth $103,841,000 after buying an additional 721,200 shares in the last quarter. AXA raised its stake in shares of Stratasys by 171.6% in the first quarter. AXA now owns 339,670 shares of the company’s stock worth $8,804,000 after buying an additional 214,621 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Stratasys by 28.5% in the second quarter. Commonwealth Equity Services Inc now owns 14,873 shares of the company’s stock worth $340,000 after buying an additional 3,303 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Stratasys by 7.3% in the first quarter. Teachers Advisors Inc. now owns 80,190 shares of the company’s stock worth $2,079,000 after buying an additional 5,474 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Stratasys during the first quarter worth about $3,909,000. 63.58% of the stock is currently owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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