Stratasys (NASDAQ:SSYS) Cut to Hold at StockNews.com

StockNews.com cut shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Several other research firms also recently issued reports on SSYS. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of Stratasys in a research note on Monday, February 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $12.00 price target on shares of Stratasys in a research note on Monday, February 3rd. Finally, Craig Hallum upped their price target on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Performance

SSYS opened at $11.56 on Monday. The company has a market cap of $825.15 million, a PE ratio of -8.76 and a beta of 1.31. The stock has a 50-day moving average of $9.80 and a 200-day moving average of $8.51. Stratasys has a 52-week low of $6.05 and a 52-week high of $13.98.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. The company had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm’s revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS. On average, research analysts predict that Stratasys will post -0.4 earnings per share for the current year.

Hedge Funds Weigh In On Stratasys

Several large investors have recently made changes to their positions in the business. Rubric Capital Management LP lifted its position in shares of Stratasys by 3.7% during the 3rd quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company’s stock worth $51,447,000 after purchasing an additional 222,297 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Stratasys by 0.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company’s stock worth $12,445,000 after purchasing an additional 9,522 shares during the last quarter. Clearline Capital LP raised its holdings in Stratasys by 23.3% in the 3rd quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company’s stock valued at $11,362,000 after acquiring an additional 258,603 shares in the last quarter. Invenomic Capital Management LP acquired a new position in Stratasys in the 3rd quarter valued at approximately $10,916,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in Stratasys by 53.1% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock valued at $10,255,000 after acquiring an additional 400,000 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

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.