Stratasys, Ltd. (SSYS) Stock Rating Reaffirmed by FBR & Co
Stratasys, Ltd. (NASDAQ:SSYS)‘s stock had its “buy” rating reaffirmed by equities research analysts at FBR & Co in a research report issued to clients and investors on Wednesday.
A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Stratasys from a “buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna Bancshares Inc assumed coverage on Stratasys in a research report on Thursday, July 13th. They set a “neutral” rating and a $22.00 price objective on the stock. Goldman Sachs Group, Inc. (The) lowered Stratasys from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research report on Monday, June 26th. Jefferies Group LLC lowered Stratasys from a “buy” rating to a “hold” rating and upped their price objective for the stock from $24.00 to $30.00 in a research report on Thursday, May 18th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $20.00 price objective (up previously from $17.00) on shares of Stratasys in a research report on Wednesday, May 17th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.65.
Shares of Stratasys (NASDAQ:SSYS) traded up 1.05% during mid-day trading on Wednesday, reaching $24.01. The company’s stock had a trading volume of 379,948 shares. Stratasys has a one year low of $16.37 and a one year high of $30.88. The stock’s market cap is $1.27 billion. The stock has a 50 day moving average of $25.60 and a 200-day moving average of $22.84.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The business had revenue of $163.20 million for the quarter, compared to analyst estimates of $162.38 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. On average, equities research analysts expect that Stratasys will post $0.28 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Primecap Management Co. CA increased its stake in shares of Stratasys by 25.6% in the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock worth $128,903,000 after buying an additional 1,281,000 shares during the last quarter. Royce & Associates LP increased its stake in shares of Stratasys by 542.5% in the first quarter. Royce & Associates LP now owns 451,646 shares of the technology company’s stock worth $9,254,000 after buying an additional 381,346 shares during the last quarter. Norges Bank purchased a new stake in shares of Stratasys during the fourth quarter worth approximately $4,187,000. Dimensional Fund Advisors LP increased its stake in shares of Stratasys by 65.9% in the first quarter. Dimensional Fund Advisors LP now owns 528,544 shares of the technology company’s stock worth $10,829,000 after buying an additional 209,886 shares during the last quarter. Finally, AXA increased its stake in shares of Stratasys by 34.4% in the first quarter. AXA now owns 561,397 shares of the technology company’s stock worth $11,503,000 after buying an additional 143,741 shares during the last quarter. Institutional investors and hedge funds own 67.16% of the company’s stock.
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.
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