Stratasys (NASDAQ:SSYS) Shares Up 6.7% – Here’s Why

Stratasys, Ltd. (NASDAQ:SSYS) traded up 6.7% on Thursday . The company traded as high as $10.40 and last traded at $10.8120. 43,761 shares traded hands during trading, a decline of 94% from the average session volume of 769,952 shares. The stock had previously closed at $10.13.

Analyst Ratings Changes

SSYS has been the topic of several research reports. Needham & Company LLC cut their price target on Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. UBS Group restated an “overweight” rating on shares of Stratasys in a report on Friday, November 14th. Cantor Fitzgerald upped their price target on shares of Stratasys from $13.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.75.

Stratasys Price Performance

The company has a market cap of $952.16 million, a PE ratio of -6.91 and a beta of 1.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.65 and a quick ratio of 2.69. The stock’s 50-day moving average is $9.24 and its 200 day moving average is $10.32.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Thursday, November 13th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Stratasys had a negative return on equity of 0.72% and a negative net margin of 22.69%.The firm had revenue of $136.97 million during the quarter, compared to analyst estimates of $136.60 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at 0.130-0.160 EPS. On average, equities analysts anticipate that Stratasys, Ltd. will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stratasys

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Stratasys by 8.3% in the third quarter. Envestnet Asset Management Inc. now owns 15,680 shares of the technology company’s stock worth $176,000 after buying an additional 1,199 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Stratasys by 4.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 53,023 shares of the technology company’s stock worth $608,000 after acquiring an additional 2,172 shares during the period. OMERS ADMINISTRATION Corp grew its stake in Stratasys by 9.4% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 28,000 shares of the technology company’s stock valued at $321,000 after purchasing an additional 2,400 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Stratasys by 28.0% in the second quarter. Harbor Capital Advisors Inc. now owns 13,670 shares of the technology company’s stock valued at $157,000 after purchasing an additional 2,991 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Stratasys in the third quarter worth about $34,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

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.