Analysts Set Stratasys Ltd. (NASDAQ:SSYS) Price Target at $11.40

Stratasys Ltd. (NASDAQ:SSYS) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.40.

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $12.00 price objective on shares of Stratasys in a report on Monday, February 3rd. Craig Hallum raised 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. Needham & Company LLC reissued a “buy” rating and issued a $12.00 price target on shares of Stratasys in a report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Stratasys Stock Down 1.3 %

SSYS stock opened at $10.43 on Thursday. The company has a market capitalization of $744.47 million, a P/E ratio of -7.90 and a beta of 1.31. The company has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $8.87. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $12.88.

Institutional Trading of Stratasys

A number of hedge funds have recently bought and sold shares of the company. Formidable Asset Management LLC raised its holdings in shares of Stratasys by 4.1% during the fourth quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company’s stock valued at $218,000 after acquiring an additional 965 shares during the period. Squarepoint Ops LLC raised its position in Stratasys by 782.2% during the fourth quarter. Squarepoint Ops LLC now owns 103,209 shares of the technology company’s stock valued at $918,000 after buying an additional 91,510 shares during the period. Two Sigma Investments LP acquired a new stake in Stratasys during the 4th quarter worth about $261,000. Point72 Asset Management L.P. grew its stake in Stratasys by 12.1% during the 4th quarter. Point72 Asset Management L.P. now owns 28,371 shares of the technology company’s stock valued at $252,000 after acquiring an additional 3,071 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Stratasys by 8.4% in the fourth quarter. Millennium Management LLC now owns 90,715 shares of the technology company’s stock worth $806,000 after purchasing an additional 7,066 shares in the last quarter. 75.77% of the stock is 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.