ValuEngine Lowers Stratasys, Ltd. (SSYS) to Sell
Stratasys, Ltd. (NASDAQ:SSYS) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.
A number of other analysts have also recently commented on SSYS. Goldman Sachs Group, Inc. (The) cut shares of Stratasys from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a research note on Monday, June 26th. William Blair cut shares of Stratasys from a “market perform” rating to an “underperform” rating in a research note on Monday, May 15th. Zacks Investment Research cut shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Bank of America Corporation reissued an “underperform” rating and set a $20.00 target price (up previously from $17.00) on shares of Stratasys in a research note on Wednesday, May 17th. Finally, FBR & Co reissued a “buy” rating on shares of Stratasys in a research note on Wednesday, July 19th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.66.
Shares of Stratasys (SSYS) traded up 1.47% during midday trading on Friday, reaching $22.71. The company’s stock had a trading volume of 314,969 shares. The firm’s market capitalization is $1.20 billion. Stratasys has a 12-month low of $16.37 and a 12-month high of $30.88. The stock has a 50-day moving average of $23.00 and a 200 day moving average of $23.56.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The company had revenue of $170 million during the quarter, compared to analysts’ expectations of $167.82 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts predict that Stratasys will post $0.37 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its position in Stratasys by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after buying an additional 458 shares during the last quarter. IFP Advisors Inc raised its position in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock valued at $143,000 after buying an additional 225 shares during the last quarter. Penserra Capital Management LLC raised its position in Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock valued at $153,000 after buying an additional 3,204 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Stratasys during the second quarter valued at $184,000. Finally, Advisor Group Inc. raised its position in Stratasys by 6.8% in the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock valued at $193,000 after buying an additional 528 shares during the last quarter. Institutional investors own 67.04% of the company’s stock.
Stratasys Company Profile
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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