Stratasys Ltd. (NASDAQ:SSYS) Given Consensus Rating of “Moderate Buy” by Brokerages

Stratasys Ltd. (NASDAQ:SSYS) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.20.

A number of equities analysts have recently issued reports on SSYS shares. StockNews.com cut shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Cantor Fitzgerald increased their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC lifted their price objective on Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 6th.

Stratasys Stock Down 1.7 %

SSYS stock opened at $10.11 on Monday. Stratasys has a twelve month low of $6.05 and a twelve month high of $12.88. The company has a market cap of $725.05 million, a PE ratio of -7.66 and a beta of 1.28. The business’s 50-day simple moving average is $10.58 and its 200 day simple moving average is $9.22.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. Stratasys’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 EPS. On average, equities research analysts anticipate that Stratasys will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Stratasys

Several institutional investors have recently added to or reduced their stakes in SSYS. Headlands Technologies LLC acquired a new stake in shares of Stratasys during the fourth quarter worth approximately $68,000. Teton Advisors Inc. bought a new stake in Stratasys during the 4th quarter worth approximately $89,000. Quantbot Technologies LP acquired a new stake in Stratasys during the 3rd quarter valued at $90,000. SBI Securities Co. Ltd. bought a new position in Stratasys in the 4th quarter valued at $90,000. Finally, Hsbc Holdings PLC raised its position in Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,564 shares during the last quarter. 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.