Stratasys’ (SSYS) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Stratasys (NASDAQ:SSYS) in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a $12.00 price objective on the technology company’s stock.

Several other research firms also recently issued reports on SSYS. Craig Hallum raised their price objective on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of Stratasys in a research report on Monday. Finally, StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Stock Up 21.5 %

Stratasys stock opened at $11.31 on Monday. The company has a fifty day simple moving average of $9.44 and a 200-day simple moving average of $8.36. Stratasys has a 52-week low of $6.05 and a 52-week high of $13.98.

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

Hedge Funds Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently bought and sold shares of SSYS. Pinnacle Associates Ltd. lifted its stake in shares of Stratasys by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock worth $8,731,000 after acquiring an additional 3,791 shares during the period. ARK Investment Management LLC lifted its position in Stratasys by 0.7% in the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock valued at $5,378,000 after purchasing an additional 4,589 shares during the period. RPG Investment Advisory LLC lifted its position in Stratasys by 29.6% in the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock valued at $5,485,000 after purchasing an additional 150,891 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Stratasys by 510.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock valued at $563,000 after purchasing an additional 56,699 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Stratasys during the 3rd quarter worth approximately $90,000. 75.77% of the stock is currently 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.