Stratasys (NASDAQ:SSYS) Releases Earnings Results, Beats Estimates By $0.03 EPS

Stratasys (NASDAQ:SSYS) announced its quarterly earnings data on Thursday. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03, Briefing.com reports. The firm had revenue of $136.97 million for the quarter, compared to analyst estimates of $136.60 million. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The company’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS. Stratasys updated its FY 2025 guidance to 0.130-0.160 EPS.

Stratasys Stock Performance

Shares of SSYS traded down $0.38 on Friday, hitting $8.95. 1,268,371 shares of the stock traded hands, compared to its average volume of 704,860. The business has a 50 day simple moving average of $10.76 and a 200 day simple moving average of $10.73. Stratasys has a one year low of $8.36 and a one year high of $12.88. The company has a market capitalization of $761.58 million, a PE ratio of -6.68 and a beta of 1.61.

Analyst Ratings Changes

SSYS has been the subject of several research reports. Cantor Fitzgerald upped their target price on Stratasys from $13.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday. Wall Street Zen cut shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Needham & Company LLC reduced their target price on shares of Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research note on Wednesday, October 8th. Finally, UBS Group restated an “overweight” rating on shares of Stratasys in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Stratasys in the 3rd quarter worth about $473,000. UBS Group AG grew its stake in shares of Stratasys by 94.6% in the third quarter. UBS Group AG now owns 337,610 shares of the technology company’s stock worth $3,781,000 after acquiring an additional 164,146 shares during the period. Franklin Resources Inc. bought a new stake in shares of Stratasys in the third quarter worth approximately $152,000. Legal & General Group Plc raised its holdings in shares of Stratasys by 4.0% during the third quarter. Legal & General Group Plc now owns 924,569 shares of the technology company’s stock valued at $10,355,000 after purchasing an additional 35,496 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Stratasys by 8.3% during the third quarter. Envestnet Asset Management Inc. now owns 15,680 shares of the technology company’s stock valued at $176,000 after purchasing an additional 1,199 shares during the period. 75.77% of the stock is owned by institutional investors.

About Stratasys

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.