Stratasys (SSYS) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Stratasys (NASDAQ:SSYS) from a sell rating to a hold rating in a research note released on Saturday.

SSYS has been the subject of several other research reports. Zacks Investment Research cut Stratasys from a buy rating to a hold rating in a report on Thursday, September 21st. Susquehanna Bancshares raised Stratasys from a neutral rating to a positive rating and set a $22.00 price objective for the company in a report on Friday, October 20th. UBS Group raised Stratasys from a neutral rating to a positive rating in a report on Friday, October 20th. B. Riley cut Stratasys from a buy rating to a neutral rating and decreased their price objective for the company from $33.00 to $30.00 in a report on Wednesday, November 1st. Finally, Loop Capital decreased their price objective on Stratasys from $24.00 to $21.00 and set a hold rating for the company in a report on Wednesday, November 15th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $24.87.

Shares of Stratasys (NASDAQ SSYS) opened at $21.34 on Friday. Stratasys has a 52-week low of $18.04 and a 52-week high of $30.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.58. The company has a market capitalization of $1,130.00, a PE ratio of -20.13, a price-to-earnings-growth ratio of 3.84 and a beta of 1.41.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The company had revenue of $155.90 million during the quarter, compared to analysts’ expectations of $160.97 million. The business’s quarterly revenue was down .8% on a year-over-year basis. equities analysts forecast that Stratasys will post 0.17 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in Stratasys by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,976,182 shares of the technology company’s stock worth $45,690,000 after purchasing an additional 17,809 shares during the period. Dimensional Fund Advisors LP raised its holdings in Stratasys by 46.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,795,494 shares of the technology company’s stock worth $41,511,000 after purchasing an additional 566,704 shares during the period. AXA raised its holdings in Stratasys by 38.1% in the 3rd quarter. AXA now owns 1,058,110 shares of the technology company’s stock worth $24,464,000 after purchasing an additional 292,084 shares during the period. State Street Corp raised its holdings in Stratasys by 6.5% in the 2nd quarter. State Street Corp now owns 881,966 shares of the technology company’s stock worth $20,559,000 after purchasing an additional 53,627 shares during the period. Finally, Alyeska Investment Group L.P. raised its holdings in Stratasys by 280.2% in the 3rd quarter. Alyeska Investment Group L.P. now owns 855,447 shares of the technology company’s stock worth $19,778,000 after purchasing an additional 630,447 shares during the period. 70.99% of the stock is owned by institutional investors.

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About Stratasys

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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