Stratasys (NASDAQ:SSYS) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Stratasys (NASDAQ:SSYS) in a research report report published on Tuesday morning. The firm issued a buy rating on the technology company’s stock.

SSYS has been the topic of a number of other reports. Needham & Company LLC reiterated a buy rating and issued a $16.00 price objective on shares of Stratasys in a research report on Tuesday, December 26th. Cantor Fitzgerald started coverage on shares of Stratasys in a research report on Tuesday, February 13th. They issued an overweight rating and a $24.00 price objective on the stock.

Stratasys Trading Down 1.9 %

Shares of SSYS opened at $11.62 on Tuesday. The company’s 50 day simple moving average is $12.66 and its 200-day simple moving average is $12.32. Stratasys has a 12-month low of $9.95 and a 12-month high of $21.72. The firm has a market cap of $809.45 million, a PE ratio of -6.49 and a beta of 1.30.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The firm had revenue of $156.34 million for the quarter, compared to analyst estimates of $153.96 million. During the same period last year, the firm posted ($0.03) EPS. Stratasys’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts forecast that Stratasys will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently bought and sold shares of SSYS. RIA Advisory Group LLC acquired a new stake in Stratasys in the fourth quarter valued at $33,000. CWM LLC raised its stake in shares of Stratasys by 2,633.3% during the 3rd quarter. CWM LLC now owns 3,280 shares of the technology company’s stock worth $45,000 after buying an additional 3,160 shares during the last quarter. FMR LLC raised its stake in shares of Stratasys by 12,707.1% during the 3rd quarter. FMR LLC now owns 3,586 shares of the technology company’s stock worth $49,000 after buying an additional 3,558 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Stratasys by 315.6% during the 2nd quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock worth $58,000 after buying an additional 2,332 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Stratasys by 560.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,471 shares of the technology company’s stock worth $61,000 after buying an additional 3,794 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

About Stratasys

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.