Stratasys, Ltd. (NASDAQ:SSYS) Receives $12.20 Consensus Target Price from Analysts

Shares of Stratasys, Ltd. (NASDAQ:SSYS) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.20.

Separately, Wall Street Zen raised Stratasys from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th.

Hedge Funds Weigh In On Stratasys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSYS. Headlands Technologies LLC acquired a new position in Stratasys in the fourth quarter valued at approximately $68,000. Teton Advisors Inc. purchased a new stake in Stratasys in the fourth quarter valued at approximately $89,000. SBI Securities Co. Ltd. purchased a new stake in Stratasys in the fourth quarter valued at approximately $90,000. Harbor Capital Advisors Inc. purchased a new stake in Stratasys in the first quarter valued at approximately $105,000. Finally, OLD Mission Capital LLC purchased a new stake in Stratasys in the first quarter valued at approximately $128,000. 75.77% of the stock is owned by institutional investors and hedge funds.

Stratasys Stock Performance

Shares of Stratasys stock opened at $11.75 on Wednesday. Stratasys has a one year low of $6.05 and a one year high of $12.88. The company has a market cap of $842.71 million, a PE ratio of -7.83 and a beta of 1.53. The business has a 50-day simple moving average of $10.60 and a 200-day simple moving average of $10.15.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Stratasys had a negative return on equity of 1.86% and a negative net margin of 19.02%. The business had revenue of $136.05 million during the quarter, compared to the consensus estimate of $134.11 million. During the same period in the previous year, the company posted ($0.02) earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, sell-side analysts predict that Stratasys will post -0.4 earnings per share for the current fiscal year.

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.