Stratasys, Ltd. (SSYS) Earns Hold Rating from Cowen and Company

Cowen and Company reissued their hold rating on shares of Stratasys, Ltd. (NASDAQ:SSYS) in a report published on Sunday. The firm currently has a $23.00 target price on the technology company’s stock.

SSYS has been the topic of a number of other reports. Zacks Investment Research upgraded Stratasys from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Friday, August 25th. FBR & Co reiterated a buy rating on shares of Stratasys in a research note on Wednesday, July 19th. ValuEngine cut Stratasys from a hold rating to a sell rating in a research note on Friday, September 1st. Citigroup Inc. upgraded Stratasys from a neutral rating to a buy rating and cut their target price for the company from $32.00 to $29.00 in a research note on Thursday, August 10th. Finally, BidaskClub cut Stratasys from a strong-buy rating to a buy rating in a research note on Wednesday, August 2nd. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $23.66.

Shares of Stratasys (NASDAQ:SSYS) opened at 22.91 on Friday. The stock’s market cap is $1.21 billion. Stratasys has a 52-week low of $16.37 and a 52-week high of $30.88. The company has a 50-day moving average of $22.72 and a 200 day moving average of $23.82.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. The company had revenue of $170.00 million for the quarter, compared to analysts’ expectations of $167.82 million. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. Equities research analysts forecast that Stratasys will post $0.37 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/09/21/stratasys-ltd-ssys-earns-hold-rating-from-cowen-and-company.html.

A number of large investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA grew its holdings in Stratasys by 25.6% during the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock worth $128,903,000 after acquiring an additional 1,281,000 shares during the period. Fisher Asset Management LLC grew its holdings in Stratasys by 1.0% during the second quarter. Fisher Asset Management LLC now owns 3,098,571 shares of the technology company’s stock worth $72,228,000 after acquiring an additional 31,339 shares during the period. Bank of New York Mellon Corp grew its holdings in Stratasys by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 1,958,373 shares of the technology company’s stock worth $45,649,000 after acquiring an additional 37,740 shares during the period. Dimensional Fund Advisors LP grew its holdings in Stratasys by 132.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock worth $28,645,000 after acquiring an additional 700,246 shares during the period. Finally, State Street Corp grew its holdings in Stratasys by 6.5% during the second quarter. State Street Corp now owns 881,966 shares of the technology company’s stock worth $20,559,000 after acquiring an additional 53,627 shares during the period. 67.04% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Company Profile

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.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

Receive News & Ratings for Stratasys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply