Shares of Stratasys, Ltd. (NASDAQ:SSYS – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.03 and last traded at $8.1640, with a volume of 182458 shares changing hands. The stock had previously closed at $8.29.
Analysts Set New Price Targets
A number of brokerages recently issued reports on SSYS. Cantor Fitzgerald upped their price objective on shares of Stratasys from $13.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a research report on Thursday, January 22nd. Needham & Company LLC decreased their price target on Stratasys from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Thursday, March 5th. Craig Hallum lowered their price objective on Stratasys from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, UBS Group reissued an “overweight” rating on shares of Stratasys in a research note on Friday, November 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.33.
Get Our Latest Research Report on Stratasys
Stratasys Stock Down 1.3%
Stratasys (NASDAQ:SSYS – Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.32 million. Stratasys had a negative net margin of 18.92% and a negative return on equity of 1.37%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. Stratasys has set its FY 2026 guidance at -0.950–0.760 EPS. Equities analysts anticipate that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.
Institutional Trading of Stratasys
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in Stratasys by 8.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,680 shares of the technology company’s stock worth $176,000 after buying an additional 1,199 shares during the period. Van ECK Associates Corp boosted its position in shares of Stratasys by 8.9% in the fourth quarter. Van ECK Associates Corp now owns 19,475 shares of the technology company’s stock valued at $169,000 after acquiring an additional 1,590 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Stratasys by 9.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 22,294 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,912 shares during the last quarter. Invesco Ltd. grew its stake in shares of Stratasys by 2.8% in the fourth quarter. Invesco Ltd. now owns 88,856 shares of the technology company’s stock worth $771,000 after acquiring an additional 2,380 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in Stratasys by 9.4% during the second quarter. OMERS ADMINISTRATION Corp now owns 28,000 shares of the technology company’s stock worth $321,000 after acquiring an additional 2,400 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.
Stratasys Company Profile
Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.
The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.
Recommended Stories
- Five stocks we like better than Stratasys
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
- Silver paying 20% dividend. Plus 68% share gains
Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.
