Stratasys (NASDAQ:SSYS) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS) in a research report issued on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, Cantor Fitzgerald initiated coverage on Stratasys in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 price target on the stock.

Stratasys Stock Down 1.6 %

NASDAQ:SSYS opened at $9.11 on Tuesday. The business’s 50-day moving average price is $10.41 and its 200 day moving average price is $11.83. The firm has a market cap of $634.60 million, a P/E ratio of -5.09 and a beta of 1.33. Stratasys has a 52-week low of $9.06 and a 52-week high of $21.72.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $156.34 million for the quarter, compared to analysts’ expectations of $153.96 million. Stratasys had a negative return on equity of 2.28% and a negative net margin of 19.61%. Stratasys’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. Sell-side analysts expect that Stratasys will post -0.29 EPS for the current year.

Institutional Investors Weigh In On Stratasys

Several institutional investors have recently made changes to their positions in the company. RIA Advisory Group LLC bought a new position in Stratasys in the 4th quarter worth approximately $33,000. Crewe Advisors LLC bought a new stake in Stratasys in the first quarter valued at $61,000. Larson Financial Group LLC boosted its stake in Stratasys by 2,711.2% in the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after purchasing an additional 9,218 shares in the last quarter. Quantbot Technologies LP acquired a new position in Stratasys in the third quarter worth $158,000. Finally, Formidable Asset Management LLC boosted its stake in Stratasys by 14.7% in the third quarter. Formidable Asset Management LLC now owns 17,547 shares of the technology company’s stock worth $239,000 after purchasing an additional 2,250 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.

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 selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.