Positive Press Coverage Somewhat Unlikely to Affect Stratasys (SSYS) Share Price
Headlines about Stratasys (NASDAQ:SSYS) have been trending positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stratasys earned a daily sentiment score of 0.33 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.8964466664839 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Stratasys, Ltd. (SSYS) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Stratasys, Ltd. (SSYS) Lifted to “Positive” at UBS AG (americanbankingnews.com)
- Stratasys Stock Upgraded on Analyst's Daydream (finance.yahoo.com)
- Why Shares of Stratasys, Inc. Popped 12% Today (finance.yahoo.com)
- Stratasys Stock Upgraded on Analyst’s Daydream (fool.com)
Several equities analysts recently commented on SSYS shares. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, August 25th. FBR & Co reissued a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. ValuEngine lowered Stratasys from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Susquehanna Bancshares Inc raised Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 target price on the stock in a report on Friday. Finally, Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and dropped their target price for the company from $32.00 to $29.00 in a report on Thursday, August 10th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given 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 price target of $23.77.
Stratasys (SSYS) traded down 1.90% during trading on Monday, reaching $22.77. 1,359,056 shares of the company’s stock traded hands. Stratasys has a 1-year low of $16.37 and a 1-year high of $30.88. The stock has a 50-day moving average price of $23.04 and a 200 day moving average price of $24.37. The stock’s market capitalization is $1.20 billion.
Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.16. The company had revenue of $170.00 million during the quarter, compared to the consensus estimate of $167.82 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. Equities research analysts expect that Stratasys will post $0.37 earnings per share for the current year.
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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