Stratasys (NASDAQ:SSYS) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Stratasys (NASDAQ:SSYSGet Free Report) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set an “overweight” rating and a $24.00 price target on the technology company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 89.27% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of Stratasys in a research note on Tuesday, December 26th. StockNews.com started coverage on Stratasys in a research note on Wednesday, February 7th. They set a “buy” rating on the stock.

View Our Latest Analysis on Stratasys

Stratasys Stock Performance

Shares of SSYS opened at $12.68 on Tuesday. The stock has a 50 day simple moving average of $13.27 and a 200 day simple moving average of $12.96. Stratasys has a 52-week low of $9.95 and a 52-week high of $21.72. The firm has a market capitalization of $867.31 million, a PE ratio of -7.88 and a beta of 1.34.

Stratasys (NASDAQ:SSYSGet Free Report) last released its earnings results on Thursday, November 16th. The technology company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $162.13 million for the quarter, compared to analysts’ expectations of $161.72 million. Stratasys had a negative return on equity of 1.99% and a negative net margin of 17.53%. Equities research analysts predict that Stratasys will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Large investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. raised its stake in Stratasys by 42.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,063,482 shares of the technology company’s stock valued at $14,474,000 after acquiring an additional 315,868 shares during the period. Guggenheim Capital LLC raised its stake in Stratasys by 5.7% in the 2nd quarter. Guggenheim Capital LLC now owns 230,175 shares of the technology company’s stock valued at $4,088,000 after acquiring an additional 12,470 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Stratasys in the 3rd quarter valued at $757,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Stratasys by 24.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 928,580 shares of the technology company’s stock valued at $12,638,000 after acquiring an additional 185,000 shares during the period. Finally, Gabelli Funds LLC raised its stake in Stratasys by 96.7% in the 3rd quarter. Gabelli Funds LLC now owns 119,990 shares of the technology company’s stock valued at $1,633,000 after acquiring an additional 58,990 shares during the period. Institutional investors own 72.65% of the company’s stock.

About Stratasys

(Get Free Report)

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 SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.

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