Stratasys Ltd. (NASDAQ:SSYS) Receives $10.80 Average Target Price from Analysts

Shares of Stratasys Ltd. (NASDAQ:SSYS) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.80.

A number of analysts have recently commented on SSYS shares. Needham & Company LLC cut their price target on Stratasys from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Lake Street Capital dropped their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Loop Capital dropped their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. StockNews.com initiated coverage on Stratasys in a report on Monday, September 2nd. They set a “hold” rating on the stock. Finally, Cantor Fitzgerald dropped their target price on Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th.

Stratasys Trading Up 1.0 %

NASDAQ:SSYS opened at $7.79 on Monday. The stock has a market cap of $542.62 million, a price-to-earnings ratio of -4.26 and a beta of 1.19. The stock has a 50-day moving average price of $7.47 and a two-hundred day moving average price of $8.83. Stratasys has a 1 year low of $6.05 and a 1 year high of $14.93.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $138.00 million for the quarter, compared to analyst estimates of $146.38 million. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) earnings per share. Sell-side analysts forecast that Stratasys will post -0.44 earnings per share for the current year.

Institutional Trading of Stratasys

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in Stratasys in the fourth quarter valued at approximately $6,706,000. Rubric Capital Management LP raised its stake in Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock valued at $50,077,000 after buying an additional 918,703 shares during the period. Frontier Capital Management Co. LLC raised its stake in Stratasys by 9.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock valued at $24,192,000 after buying an additional 140,841 shares during the period. Gabelli Funds LLC raised its stake in Stratasys by 38.3% in the fourth quarter. Gabelli Funds LLC now owns 165,947 shares of the technology company’s stock valued at $2,370,000 after buying an additional 45,957 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Stratasys by 87.2% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 104,104 shares of the technology company’s stock valued at $1,487,000 after buying an additional 48,504 shares during the period. Institutional investors own 75.77% of the company’s stock.

Stratasys Company Profile

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.