Stratasys (NASDAQ:SSYS) Stock Rating Upgraded by StockNews.com

Stratasys (NASDAQ:SSYS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other research analysts have also recently commented on the company. Craig Hallum increased their target price on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $12.00 price objective on shares of Stratasys in a research report on Monday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $12.00 target price on shares of Stratasys in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Stratasys has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Price Performance

Shares of NASDAQ:SSYS opened at $11.99 on Tuesday. The company’s fifty day moving average price is $9.93 and its 200-day moving average price is $8.58. The firm has a market capitalization of $855.85 million, a price-to-earnings ratio of -9.08 and a beta of 1.31. Stratasys has a one year low of $6.05 and a one year high of $13.98.

Institutional Trading of Stratasys

Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of Stratasys in the 4th quarter valued at about $68,000. Teton Advisors Inc. purchased a new position in Stratasys in the 4th quarter worth approximately $89,000. SBI Securities Co. Ltd. bought a new stake in Stratasys in the fourth quarter valued at approximately $90,000. Quantbot Technologies LP purchased a new stake in shares of Stratasys during the third quarter valued at approximately $90,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,564 shares during the period. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.