StockNews.com Downgrades Stratasys (NASDAQ:SSYS) to Hold

Stratasys (NASDAQ:SSYS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other brokerages have also weighed in on SSYS. Craig Hallum increased their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 price target on shares of Stratasys in a report on Monday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $12.00 price objective on shares of Stratasys in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Down 3.5 %

NASDAQ:SSYS opened at $11.64 on Monday. Stratasys has a 12-month low of $6.05 and a 12-month high of $13.98. The stock’s 50 day moving average price is $9.75 and its two-hundred day moving average price is $8.49. The firm has a market capitalization of $830.86 million, a price-to-earnings ratio of -8.82 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $140.00 million for the quarter, compared to analysts’ expectations of $139.49 million. During the same quarter in the prior year, the business earned ($0.05) EPS. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. Equities research analysts expect that Stratasys will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Stratasys

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of Stratasys during the 3rd quarter worth approximately $90,000. SBI Securities Co. Ltd. bought a new stake in shares of Stratasys in the fourth quarter valued at approximately $90,000. Stifel Financial Corp grew its position in Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after buying an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Stratasys during the 3rd quarter worth $210,000. Finally, Verition Fund Management LLC acquired a new position in Stratasys in the 3rd quarter valued at $322,000. 75.77% of the stock is owned by 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.