Stratasys Ltd. (NASDAQ:SSYS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Stratasys Ltd. (NASDAQ:SSYS) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.40.

SSYS has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of Stratasys in a research report on Monday, February 3rd. StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and issued a $12.00 price objective on shares of Stratasys in a research report on Monday, February 3rd. Finally, Craig Hallum lifted their target price on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

Stratasys Price Performance

NASDAQ:SSYS opened at $10.74 on Thursday. The company’s fifty day moving average price is $10.12 and its 200-day moving average price is $8.79. Stratasys has a 1-year low of $6.05 and a 1-year high of $13.12. The firm has a market capitalization of $766.60 million, a P/E ratio of -8.14 and a beta of 1.31.

Institutional Trading of Stratasys

A number of institutional investors and hedge funds have recently made changes to their positions in SSYS. Headlands Technologies LLC purchased a new position in shares of Stratasys during the 4th quarter valued at approximately $68,000. Teton Advisors Inc. acquired a new position in Stratasys during the fourth quarter worth $89,000. Quantbot Technologies LP acquired a new position in Stratasys during the third quarter worth $90,000. SBI Securities Co. Ltd. purchased a new position in Stratasys during the fourth quarter valued at $90,000. Finally, Hsbc Holdings PLC grew its position in shares of Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,564 shares during the period. 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.