Stratasys, Ltd. (SSYS) Stock Rating Reaffirmed by Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of Stratasys, Ltd. (NASDAQ:SSYS) in a report released on Friday morning. The firm currently has a $30.00 target price on the technology company’s stock.
SSYS has been the subject of a number of other reports. Piper Jaffray Companies upgraded Stratasys from a neutral rating to an overweight rating and upped their target price for the company from $21.00 to $28.00 in a research report on Monday, April 17th. Standpoint Research downgraded Stratasys from a buy rating to a reduce rating in a research report on Monday, April 24th. FBR & Co reiterated a buy rating on shares of Stratasys in a research report on Wednesday, July 19th. Zacks Investment Research cut Stratasys from a buy rating to a hold rating in a report on Tuesday, July 18th. Finally, BidaskClub cut Stratasys from a strong-buy rating to a buy rating in a report on Wednesday, August 2nd. Six research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $23.68.
Shares of Stratasys (SSYS) opened at 22.59 on Friday. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.88. The stock has a 50 day moving average price of $24.73 and a 200-day moving average price of $23.24. The firm’s market capitalization is $1.19 billion.
Stratasys (NASDAQ:SSYS) last released its earnings results on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $163.20 million during the quarter, compared to the consensus estimate of $162.38 million. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. On average, equities research analysts forecast that Stratasys will post $0.28 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of SSYS. IFP Advisors Inc boosted its position in shares of Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock worth $143,000 after buying an additional 225 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock worth $153,000 after buying an additional 3,204 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of Stratasys during the second quarter worth about $184,000. SG Americas Securities LLC boosted its position in shares of Stratasys by 24.8% in the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after buying an additional 1,674 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Stratasys during the second quarter worth about $204,000. 66.46% of the stock is 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.
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