A number of other equities analysts have also weighed in on the company. Vetr upgraded Stratasys from a buy rating to a strong-buy rating and set a $28.67 target price on the stock in a research note on Monday, October 3rd. Zacks Investment Research lowered Stratasys from a strong-buy rating to a hold rating in a research note on Monday, August 1st. FBR & Co restated an outperform rating and set a $29.00 price objective on shares of Stratasys in a research note on Monday, October 3rd. Brean Capital restated a hold rating on shares of Stratasys in a research note on Monday, August 8th. Finally, Needham & Company LLC restated a buy rating and set a $24.00 price objective on shares of Stratasys in a research note on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Stratasys currently has an average rating of Hold and a consensus target price of $25.41.
Shares of Stratasys (NASDAQ:SSYS) traded down 2.07% during trading on Friday, hitting $20.79. The stock had a trading volume of 940,571 shares. Stratasys has a one year low of $14.48 and a one year high of $31.35. The stock has a 50 day moving average price of $22.53 and a 200-day moving average price of $22.67. The stock’s market capitalization is $1.09 billion.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. The company had revenue of $172.10 million for the quarter, compared to analyst estimates of $175.88 million. Stratasys had a negative return on equity of 1.31% and a negative net margin of 177.98%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities research analysts predict that Stratasys will post $0.32 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. David R. Rahn & Associates Inc. increased its position in shares of Stratasys by 39.7% in the second quarter. David R. Rahn & Associates Inc. now owns 74,214 shares of the company’s stock valued at $1,699,000 after buying an additional 21,104 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Stratasys during the second quarter worth about $2,934,000. Fisher Asset Management LLC increased its position in shares of Stratasys by 3.5% in the second quarter. Fisher Asset Management LLC now owns 3,111,734 shares of the company’s stock worth $70,138,000 after buying an additional 105,971 shares in the last quarter. Creative Planning increased its position in shares of Stratasys by 109.9% in the second quarter. Creative Planning now owns 8,222 shares of the company’s stock worth $188,000 after buying an additional 4,305 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Stratasys by 18.1% in the second quarter. BNP Paribas Arbitrage SA now owns 81,990 shares of the company’s stock worth $1,877,000 after buying an additional 12,539 shares in the last quarter. 63.58% 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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