Stratasys (NASDAQ:SSYS) Sees Large Volume Increase – What’s Next?

Stratasys, Ltd. (NASDAQ:SSYS) shares saw an uptick in trading volume on Wednesday . 849,901 shares traded hands during trading, an increase of 47% from the previous session’s volume of 576,275 shares.The stock last traded at $10.63 and had previously closed at $10.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of Stratasys from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

Stratasys Price Performance

The company has a market cap of $914.63 million, a PE ratio of -8.04 and a beta of 1.57. The company’s 50 day simple moving average is $10.89 and its two-hundred day simple moving average is $10.52.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $138.09 million during the quarter, compared to analyst estimates of $137.15 million. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. Stratasys’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. Stratasys has set its FY 2025 guidance at EPS. Sell-side analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Institutional Trading of Stratasys

Several hedge funds have recently made changes to their positions in the business. Rubric Capital Management LP lifted its position in shares of Stratasys by 18.3% during the second quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company’s stock worth $89,502,000 after purchasing an additional 1,205,764 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Stratasys by 2.4% during the first quarter. Neuberger Berman Group LLC now owns 4,592,824 shares of the technology company’s stock worth $45,082,000 after purchasing an additional 109,331 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in Stratasys by 0.4% in the first quarter. Phoenix Financial Ltd. now owns 3,613,906 shares of the technology company’s stock valued at $35,381,000 after acquiring an additional 12,900 shares in the last quarter. Invenomic Capital Management LP raised its holdings in Stratasys by 111.9% in the first quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company’s stock valued at $24,144,000 after acquiring an additional 1,302,264 shares in the last quarter. Finally, RPG Investment Advisory LLC raised its holdings in Stratasys by 102.3% in the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company’s stock valued at $21,517,000 after acquiring an additional 1,111,491 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

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.