Stratasys (NASDAQ:SSYS) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYSGet Free Report) in a research note issued on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

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

Get Our Latest Stock Report on Stratasys

Stratasys Stock Up 0.8 %

Shares of SSYS opened at $13.23 on Wednesday. The company’s fifty day moving average is $13.14 and its 200-day moving average is $13.15. Stratasys has a 12 month low of $9.95 and a 12 month high of $21.72. The firm has a market cap of $904.95 million, a price-to-earnings ratio of -8.22 and a beta of 1.34.

Stratasys (NASDAQ:SSYSGet Free Report) last announced its quarterly earnings results on Thursday, November 16th. The technology company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $161.72 million. As a group, research analysts predict that Stratasys will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Stratasys by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 270,417 shares of the technology company’s stock worth $3,862,000 after acquiring an additional 15,571 shares during the period. Levin Capital Strategies L.P. increased its holdings in shares of Stratasys by 64.5% during the 4th quarter. Levin Capital Strategies L.P. now owns 62,500 shares of the technology company’s stock worth $892,000 after purchasing an additional 24,500 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Stratasys by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock worth $467,000 after purchasing an additional 10,747 shares during the period. RIA Advisory Group LLC bought a new position in shares of Stratasys during the 4th quarter worth about $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Stratasys by 10.8% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock worth $14,688,000 after purchasing an additional 100,000 shares during the period. 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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