Stratasys (NASDAQ:SSYS) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Stratasys (NASDAQ:SSYS) in a report released on Thursday. The brokerage issued a buy rating on the technology company’s stock.

A number of other brokerages also recently commented on SSYS. Cantor Fitzgerald restated an overweight rating and set a $23.00 price objective on shares of Stratasys in a research report on Thursday, May 30th. Needham & Company LLC cut their price target on shares of Stratasys from $16.00 to $12.00 and set a buy rating for the company in a report on Thursday, May 30th. Finally, Craig Hallum reduced their price objective on shares of Stratasys from $16.00 to $14.00 and set a buy rating for the company in a research report on Monday, July 1st.

Stratasys Stock Performance

Shares of SSYS opened at $7.87 on Thursday. Stratasys has a fifty-two week low of $7.76 and a fifty-two week high of $17.46. The firm has a 50-day simple moving average of $8.72 and a 200-day simple moving average of $10.50. The company has a market capitalization of $548.22 million, a price-to-earnings ratio of -4.30 and a beta of 1.21.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Wednesday, May 29th. The technology company reported ($0.15) earnings per share for the quarter, meeting the consensus estimate of ($0.15). The company had revenue of $144.05 million for the quarter, compared to the consensus estimate of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. Equities research analysts forecast that Stratasys will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Stratasys

Several institutional investors have recently made changes to their positions in the stock. RIA Advisory Group LLC purchased a new position in shares of Stratasys in the 4th quarter valued at about $33,000. Crewe Advisors LLC acquired a new stake in shares of Stratasys during the 1st quarter valued at approximately $61,000. Larson Financial Group LLC boosted its stake in shares of Stratasys by 2,711.2% during the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after acquiring an additional 9,218 shares in the last quarter. Values First Advisors Inc. grew its holdings in shares of Stratasys by 51.3% in the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after acquiring an additional 11,254 shares during the period. Finally, Formidable Asset Management LLC increased its stake in Stratasys by 21.1% in the 4th quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock valued at $303,000 after purchasing an additional 3,705 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

About Stratasys

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.