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

StockNews.com assumed coverage on shares of Stratasys (NASDAQ:SSYSFree Report) in a research report report published on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

A number of other research firms also recently weighed in on SSYS. Cantor Fitzgerald assumed coverage on Stratasys in a research report on Tuesday, February 13th. They set an overweight rating and a $24.00 target price for the company. Needham & Company LLC reaffirmed a buy rating and issued a $16.00 price target on shares of Stratasys in a research note on Tuesday, December 26th.

Read Our Latest Analysis on SSYS

Stratasys Stock Performance

SSYS stock opened at $11.24 on Wednesday. Stratasys has a 52 week low of $9.95 and a 52 week high of $21.72. The company has a market capitalization of $782.98 million, a PE ratio of -6.28 and a beta of 1.29. The company’s 50-day simple moving average is $12.46 and its 200 day simple moving average is $12.28.

Stratasys (NASDAQ:SSYSGet Free Report) last announced its earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The firm had revenue of $156.34 million for the quarter, compared to analyst estimates of $153.96 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The business’s revenue was down 1.8% compared to the same quarter last year. On average, analysts forecast that Stratasys will post -0.29 EPS for the current year.

Institutional Trading of Stratasys

Several large investors have recently made changes to their positions in the company. Rubric Capital Management LP boosted its position in shares of Stratasys by 366.7% during the 4th quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock worth $60,690,000 after acquiring an additional 3,339,367 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stratasys by 9.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,732,325 shares of the technology company’s stock worth $45,165,000 after acquiring an additional 237,268 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Stratasys by 5.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,620,325 shares of the technology company’s stock worth $37,741,000 after acquiring an additional 140,780 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Stratasys by 9.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock worth $24,192,000 after acquiring an additional 140,841 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Stratasys by 9.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,386,788 shares of the technology company’s stock worth $19,803,000 after acquiring an additional 119,922 shares in the last quarter. Institutional investors and hedge funds own 75.77% 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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