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

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

Stratasys Stock Performance

Stratasys stock traded down $0.38 during midday trading on Friday, reaching $8.95. The company’s stock had a trading volume of 1,268,371 shares, compared to its average volume of 704,860. Stratasys has a fifty-two week low of $8.36 and a fifty-two week high of $12.88. The stock’s 50 day simple moving average is $10.76 and its 200 day simple moving average is $10.73. The firm has a market capitalization of $761.58 million, a PE ratio of -6.68 and a beta of 1.61.

Analyst Upgrades and Downgrades

SSYS has been the subject of a number of research reports. Cantor Fitzgerald lifted their price objective on shares of Stratasys from $13.00 to $13.50 and gave the company an “overweight” rating in a report on Friday. UBS Group reaffirmed an “overweight” rating on shares of Stratasys in a report on Friday. Needham & Company LLC cut their price objective 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 restated a “sell (d-)” rating on shares of Stratasys in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.75.

Institutional Trading of Stratasys

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Stratasys during the third quarter worth about $473,000. UBS Group AG increased its stake in Stratasys by 94.6% in the 3rd quarter. UBS Group AG now owns 337,610 shares of the technology company’s stock valued at $3,781,000 after purchasing an additional 164,146 shares in the last quarter. Franklin Resources Inc. acquired a new position in Stratasys during the third quarter worth $152,000. Legal & General Group Plc boosted its position in Stratasys by 4.0% during the third quarter. Legal & General Group Plc now owns 924,569 shares of the technology company’s stock worth $10,355,000 after purchasing an additional 35,496 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Stratasys by 8.3% in 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 last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Company Profile

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.