Stratasys Ltd. (NASDAQ:SSYS) Receives $10.80 Consensus Price Target from Analysts

Stratasys Ltd. (NASDAQ:SSYS) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.80.

Several equities analysts have weighed in on SSYS shares. Lake Street Capital lowered their price target on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Cantor Fitzgerald cut their price target on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. StockNews.com assumed coverage on Stratasys in a report on Monday, September 2nd. They set a “hold” rating for the company. Craig Hallum dropped their price target on Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. Finally, Loop Capital cut their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th.

Stratasys Stock Performance

Shares of SSYS opened at $7.01 on Friday. The firm has a market cap of $488.29 million, a P/E ratio of -3.83 and a beta of 1.19. Stratasys has a 52 week low of $6.05 and a 52 week high of $14.93. The firm’s 50-day simple moving average is $7.38 and its 200 day simple moving average is $8.39.

Stratasys (NASDAQ:SSYS) last released its earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $138.00 million for the quarter, compared to analyst estimates of $146.38 million. Stratasys had a negative net margin of 18.98% and a negative return on equity of 3.29%. Stratasys’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. As a group, equities analysts forecast that Stratasys will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Stratasys

Large investors have recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in shares of Stratasys in the first quarter valued at approximately $61,000. Larson Financial Group LLC raised its position in shares of Stratasys by 2,711.2% during the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after acquiring an additional 9,218 shares in the last quarter. Values First Advisors Inc. lifted its stake in Stratasys by 51.3% during the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after purchasing an additional 11,254 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Stratasys by 4.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock valued at $565,000 after buying an additional 1,850 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in Stratasys in the first quarter valued at $598,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.