Craig Hallum Forecasts Strong Price Appreciation for Stratasys (NASDAQ:SSYS) Stock

Stratasys (NASDAQ:SSYS) had its target price increased by Craig Hallum from $12.00 to $15.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other research analysts also recently commented on SSYS. Lake Street Capital decreased their price objective on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. StockNews.com started coverage on shares of Stratasys in a report on Monday, September 2nd. They set a “hold” rating on the stock. Needham & Company LLC increased their price objective on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald lowered their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Loop Capital cut their price target on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Stock Down 3.6 %

Shares of SSYS stock opened at $9.26 on Thursday. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.93. The company has a 50 day simple moving average of $7.62 and a two-hundred day simple moving average of $8.20.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $138.00 million during the quarter, compared to analyst estimates of $146.38 million. During the same period in the prior year, the business posted ($0.08) EPS. Stratasys’s revenue was down 13.6% on a year-over-year basis. On average, research analysts expect that Stratasys will post -0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stratasys

Hedge funds and other institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC bought a new stake in Stratasys in the 1st quarter valued at $61,000. Quantbot Technologies LP purchased a new position in shares of Stratasys during the third quarter valued at about $90,000. Stifel Financial Corp increased its holdings in shares of Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after purchasing an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Stratasys in the third quarter worth about $210,000. Finally, Values First Advisors Inc. boosted its stake in Stratasys by 51.3% during the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock valued at $278,000 after buying an additional 11,254 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

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.