B. Riley lowered shares of Stratasys, Ltd. (NASDAQ:SSYS) from a buy rating to a neutral rating in a research note released on Wednesday. They currently have $30.00 target price on the technology company’s stock, down from their previous target price of $33.00.
Several other research firms have also recently issued reports on SSYS. Loop Capital assumed coverage on Stratasys in a research report on Monday, July 24th. They set a hold rating and a $24.00 target price on the stock. BidaskClub cut Stratasys from a strong-buy rating to a buy rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc assumed coverage on Stratasys in a research report on Thursday, July 13th. They set a neutral rating and a $22.00 target price on the stock. Cowen and Company reiterated a hold rating and set a $23.00 target price on shares of Stratasys in a research report on Sunday, September 17th. Finally, FBR & Co reiterated a buy rating on shares of Stratasys in a research report on Wednesday, July 19th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Stratasys currently has a consensus rating of Hold and a consensus price target of $24.24.
Stratasys (NASDAQ:SSYS) opened at $21.23 on Wednesday. The stock has a market capitalization of $1,090.00, a PE ratio of 303.29, a P/E/G ratio of 53.08 and a beta of 1.40. Stratasys has a 52-week low of $16.37 and a 52-week high of $30.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.32 and a quick ratio of 2.65.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.16. The firm had revenue of $170.00 million for the quarter, compared to analysts’ expectations of $167.82 million. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. equities analysts expect that Stratasys will post 0.02 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of SSYS. Dimensional Fund Advisors LP lifted its stake in Stratasys by 132.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock valued at $28,645,000 after buying an additional 700,246 shares in the last quarter. Columbus Circle Investors purchased a new stake in Stratasys in the 2nd quarter valued at approximately $10,407,000. Quantitative Investment Management LLC purchased a new stake in Stratasys in the 2nd quarter valued at approximately $5,216,000. AXA lifted its stake in Stratasys by 36.4% in the 2nd quarter. AXA now owns 766,026 shares of the technology company’s stock valued at $17,856,000 after buying an additional 204,629 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in Stratasys by 64.7% in the 2nd quarter. Baillie Gifford & Co. now owns 377,800 shares of the technology company’s stock valued at $8,807,000 after buying an additional 148,400 shares in the last quarter. 67.13% of the stock is currently owned by hedge funds and other institutional investors.
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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