Stratasys (NASDAQ:SSYS) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Stratasys (NASDAQ:SSYSGet Free Report) in a report released on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of Stratasys in a research report on Tuesday, December 26th.

Read Our Latest Report on SSYS

Stratasys Price Performance

SSYS opened at $13.22 on Tuesday. The business has a fifty day simple moving average of $12.93 and a 200 day simple moving average of $13.42. Stratasys has a 1 year low of $9.95 and a 1 year high of $21.72. The company has a market capitalization of $904.25 million, a PE ratio of -8.30 and a beta of 1.46.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Associates Ltd. grew its holdings in shares of Stratasys by 42.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,063,482 shares of the technology company’s stock valued at $14,474,000 after purchasing an additional 315,868 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Stratasys by 5.7% during the second quarter. Guggenheim Capital LLC now owns 230,175 shares of the technology company’s stock worth $4,088,000 after buying an additional 12,470 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Stratasys by 24.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 928,580 shares of the technology company’s stock worth $12,638,000 after buying an additional 185,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Stratasys by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,951,611 shares of the technology company’s stock valued at $52,422,000 after acquiring an additional 219,286 shares in the last quarter. Finally, LPL Financial LLC grew its position in Stratasys by 23.2% during the 2nd quarter. LPL Financial LLC now owns 55,514 shares of the technology company’s stock worth $986,000 after acquiring an additional 10,467 shares during the last quarter. Institutional investors own 72.65% of the company’s stock.

Stratasys Company Profile

(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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