Stratasys, Ltd. (SSYS) Given Average Rating of “Hold” by Analysts
Stratasys, Ltd. (NASDAQ:SSYS) has received an average rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.51.
SSYS has been the subject of a number of analyst reports. Zacks Investment Research lowered Stratasys from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. ValuEngine lowered Stratasys from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Susquehanna Bancshares Inc raised Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price objective for the company in a research note on Friday, October 20th. Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $32.00 to $29.00 in a research note on Thursday, August 10th. Finally, UBS AG raised Stratasys from a “neutral” rating to a “positive” rating in a research note on Friday, October 20th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its holdings in Stratasys by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after purchasing an additional 458 shares in the last quarter. First Mercantile Trust Co. bought a new position in Stratasys in the second quarter worth $184,000. Advisor Group Inc. raised its holdings in Stratasys by 6.8% in the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after purchasing an additional 528 shares in the last quarter. SG Americas Securities LLC raised its holdings in Stratasys by 24.8% in the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after purchasing an additional 1,674 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Stratasys in the second quarter worth $200,000. Institutional investors and hedge funds own 70.13% of the company’s stock.
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Shares of Stratasys (SSYS) traded up $0.81 during midday trading on Thursday, reaching $22.12. 724,449 shares of the company’s stock were exchanged, compared to its average volume of 791,553. The company has a market capitalization of $1,120.00, a PE ratio of 149.86, a P/E/G ratio of 6.36 and a beta of 1.40. Stratasys has a twelve month low of $16.37 and a twelve month high of $30.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.58 and a quick ratio of 2.82.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $155.90 million during the quarter, compared to analyst estimates of $160.97 million. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The business’s revenue for the quarter was down .8% on a year-over-year basis. sell-side analysts forecast that Stratasys will post 0.17 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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