Stratasys, Ltd. (NASDAQ:SSYS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Stratasys, Ltd. (NASDAQ:SSYS) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.3333.

Several brokerages recently weighed in on SSYS. Zacks Research lowered shares of Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stratasys in a research report on Tuesday, August 18th.

Hedge Funds Weigh In On Stratasys

Several hedge funds have recently added to or reduced their stakes in SSYS. Global Retirement Partners LLC bought a new position in Stratasys during the fourth quarter worth about $26,000. Advisory Services Network LLC bought a new stake in shares of Stratasys in the 3rd quarter valued at about $34,000. Raymond James Financial Inc. acquired a new stake in shares of Stratasys in the 2nd quarter valued at approximately $35,000. Parallel Advisors LLC boosted its stake in Stratasys by 1,071.4% during the 1st quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock worth $30,000 after acquiring an additional 3,482 shares during the last quarter. Finally, NFSG Corp bought a new position in Stratasys during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Stock Performance

Shares of SSYS opened at $7.98 on Friday. The business’s fifty day moving average price is $8.35 and its two-hundred day moving average price is $8.75. The firm has a market capitalization of $687.64 million, a price-to-earnings ratio of -5.96 and a beta of 1.94. Stratasys has a 52 week low of $7.34 and a 52 week high of $12.81.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. The company had revenue of $137.61 million for the quarter. As a group, research analysts forecast that Stratasys will post -0.19 EPS for the current year.

About Stratasys

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.