Zacks Investment Research reiterated their buy rating on shares of Stratasys (NASDAQ:SSYS) in a report published on Friday. Zacks Investment Research currently has a $21.00 target price on the technology company’s stock.

According to Zacks, “Stratasys is benefiting from recovery in sales of high-end products, and improvement in demand from government and other key vertical customers. Moreover, the company's turnaround strategies which include launching innovative products, strategic partnerships and acquisitions, makes us optimistic. Estimates is going up lately ahead of the company’s Q3 earnings release. Its shares have outperformed the industry year to date. Nonetheless, we remain concerned about the company’s declining gross margin which has been impacted by the incremental sales generated from the lower-margin products of acquired businesses. Moreover, the company high cost structure and exposure to considerable foreign currency risk remain concerns. The company has mixed record of earnings surprises in recent quarters.”

SSYS has been the topic of a number of other reports. BidaskClub lowered shares of Stratasys from a hold rating to a sell rating in a research note on Saturday, October 13th. Cowen set a $22.00 price target on shares of Stratasys and gave the company a hold rating in a research note on Thursday, November 1st. ValuEngine lowered shares of Stratasys from a hold rating to a sell rating in a research note on Tuesday, October 23rd. Susquehanna Bancshares set a $27.00 price target on shares of Stratasys and gave the company a buy rating in a research note on Thursday, November 1st. Finally, Bank of America raised their price target on shares of Stratasys from $17.00 to $18.00 and gave the company an underperform rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $20.86.

Shares of Stratasys stock opened at $21.50 on Friday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 165.38, a P/E/G ratio of 4.90 and a beta of 1.70. Stratasys has a twelve month low of $17.17 and a twelve month high of $26.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.23 and a current ratio of 3.95.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The firm had revenue of $162.00 million for the quarter, compared to analyst estimates of $161.88 million. Stratasys had a negative net margin of 4.10% and a positive return on equity of 1.01%. Stratasys’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS. Sell-side analysts forecast that Stratasys will post 0.29 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ARK Investment Management LLC lifted its stake in Stratasys by 1.5% in the 3rd quarter. ARK Investment Management LLC now owns 6,909,266 shares of the technology company’s stock worth $159,673,000 after purchasing an additional 100,520 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Stratasys by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,703,020 shares of the technology company’s stock worth $62,467,000 after purchasing an additional 58,472 shares in the last quarter. BlackRock Inc. lifted its stake in Stratasys by 1.8% in the 3rd quarter. BlackRock Inc. now owns 2,375,831 shares of the technology company’s stock worth $54,905,000 after purchasing an additional 41,472 shares in the last quarter. State Treasurer State of Michigan lifted its stake in Stratasys by 32.4% in the 3rd quarter. State Treasurer State of Michigan now owns 1,224,603 shares of the technology company’s stock worth $28,301,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its stake in Stratasys by 6.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 1,121,372 shares of the technology company’s stock worth $21,463,000 after purchasing an additional 63,952 shares in the last quarter. 76.62% of the stock is currently owned by institutional investors and hedge funds.

About Stratasys

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.

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Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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