Other research analysts have also recently issued research reports about the stock. Bank of America Corp. restated an underperform rating and set a $23.00 target price on shares of Stratasys in a report on Thursday, August 25th. Needham & Company LLC restated a buy rating and set a $24.00 target price on shares of Stratasys in a report on Thursday, August 25th. Pacific Crest restated an equal weight rating on shares of Stratasys in a report on Sunday, June 5th. Zacks Investment Research cut shares of Stratasys from a strong-buy rating to a hold rating in a report on Monday, August 1st. Finally, Brean Capital restated a hold rating on shares of Stratasys in a report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Stratasys presently has a consensus rating of Hold and a consensus target price of $25.48.
Shares of Stratasys (NASDAQ:SSYS) opened at 24.14 on Monday. The firm has a 50-day moving average of $22.56 and a 200 day moving average of $22.75. Stratasys has a 52-week low of $14.48 and a 52-week high of $32.52. The firm’s market capitalization is $1.26 billion.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company earned $172.10 million during the quarter, compared to analysts’ expectations of $175.88 million. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. Analysts predict that Stratasys will post $0.32 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in shares of Stratasys by 47.1% in the third quarter. BNP Paribas Arbitrage SA now owns 120,629 shares of the company’s stock worth $2,906,000 after buying an additional 38,639 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Stratasys during the second quarter worth about $2,934,000. Jane Street Group LLC increased its stake in shares of Stratasys by 172.9% in the second quarter. Jane Street Group LLC now owns 20,423 shares of the company’s stock worth $467,000 after buying an additional 48,423 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Stratasys during the second quarter worth about $454,000. Finally, G2 Investment Partners Management LLC purchased a new stake in shares of Stratasys during the second quarter worth about $771,000. Institutional investors and hedge funds own 63.58% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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