Stratasys Ltd. (NASDAQ:SSYS)‘s stock had its “outperform” rating restated by equities research analysts at FBR & Co in a research report issued on Monday. They currently have a $29.00 price target on the stock. FBR & Co’s price objective indicates a potential upside of 39.49% from the company’s current price.
Several other equities research analysts have also commented on SSYS. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, June 28th. Piper Jaffray Cos. downgraded shares of Stratasys from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $24.00 in a report on Monday, July 18th. Brean Capital reaffirmed a “hold” rating on shares of Stratasys in a report on Monday, August 8th. Bank of America Corp. reaffirmed an “underperform” rating and issued a $23.00 target price on shares of Stratasys in a report on Thursday, August 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 target price on shares of Stratasys in a report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.41.
Stratasys (NASDAQ:SSYS) traded down 0.38% during midday trading on Monday, reaching $20.71. The company’s stock had a trading volume of 471,935 shares. Stratasys has a one year low of $14.48 and a one year high of $31.35. The firm has a 50 day moving average price of $22.53 and a 200 day moving average price of $22.67. The firm’s market cap is $1.08 billion.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm earned $172.10 million during 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%. Stratasys’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. Equities research analysts forecast that Stratasys will post $0.32 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of SSYS. BlackRock Advisors LLC raised its stake in Stratasys by 2.8% in the second quarter. BlackRock Advisors LLC now owns 16,091 shares of the company’s stock worth $368,000 after buying an additional 439 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in Stratasys by 4.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 16,339 shares of the company’s stock worth $374,000 after buying an additional 654 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Stratasys by 2.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,076 shares of the company’s stock worth $757,000 after buying an additional 817 shares during the period. BlackRock Investment Management LLC raised its stake in Stratasys by 0.5% in the second quarter. BlackRock Investment Management LLC now owns 194,206 shares of the company’s stock worth $4,445,000 after buying an additional 985 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Stratasys by 24.6% in the second quarter. Hsbc Holdings PLC now owns 9,632 shares of the company’s stock worth $220,000 after buying an additional 1,900 shares during the period. 63.88% of the stock is currently owned by 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.
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.