Stratasys (NASDAQ:SSYS) Shares Gap Up – What’s Next?

Stratasys Ltd. (NASDAQ:SSYS) shares gapped up prior to trading on Monday . The stock had previously closed at $9.31, but opened at $10.84. Stratasys shares last traded at $11.12, with a volume of 1,211,195 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Craig Hallum increased their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. StockNews.com upgraded Stratasys from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Stratasys in a research note on Monday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $12.00 target price on shares of Stratasys in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Stratasys has an average rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Stock Up 10.1 %

The business has a 50 day moving average price of $9.47 and a 200-day moving average price of $8.37.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. Analysts expect that Stratasys Ltd. will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SSYS. Stifel Financial Corp boosted its holdings in shares of Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after buying an additional 4,600 shares during the period. RPG Investment Advisory LLC grew its holdings in shares of Stratasys by 29.6% during the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock valued at $5,485,000 after purchasing an additional 150,891 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Stratasys by 42.2% during the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock worth $560,000 after purchasing an additional 20,012 shares during the period. Barclays PLC boosted its position in Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock valued at $669,000 after purchasing an additional 1,525 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Stratasys by 510.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock worth $563,000 after buying an additional 56,699 shares during the period. 75.77% of the stock is currently 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.