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.
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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.
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