Stratasys FY2024 EPS Estimate Boosted by Cantor Fitzgerald

Stratasys Ltd. (NASDAQ:SSYS) – Cantor Fitzgerald upped their FY2024 earnings estimates for Stratasys in a research report issued to clients and investors on Tuesday, March 4th. Cantor Fitzgerald analyst T. Jensen now expects that the technology company will post earnings of ($0.38) per share for the year, up from their prior estimate of ($0.42). Cantor Fitzgerald currently has a “Overweight” rating and a $15.00 target price on the stock. The consensus estimate for Stratasys’ current full-year earnings is ($0.40) per share.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 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 $150.40 million during the quarter, compared to the consensus estimate of $151.01 million. During the same period in the prior year, the company posted $0.02 EPS. The company’s revenue was down 3.8% compared to the same quarter last year.

SSYS has been the topic of several other research reports. StockNews.com lowered shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Craig Hallum raised their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $12.00 target price on shares of Stratasys in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stratasys presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Stratasys Stock Down 2.5 %

Shares of Stratasys stock opened at $10.35 on Thursday. The firm’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $8.90. The company has a market capitalization of $738.76 million, a price-to-earnings ratio of -7.84 and a beta of 1.31. Stratasys has a 12-month low of $6.05 and a 12-month high of $12.88.

Hedge Funds Weigh In On Stratasys

Several large investors have recently modified their holdings of SSYS. Headlands Technologies LLC acquired a new stake in Stratasys in the fourth quarter valued at $68,000. Teton Advisors Inc. acquired a new position in shares of Stratasys in the 4th quarter valued at about $89,000. Quantbot Technologies LP acquired a new stake in shares of Stratasys during the 3rd quarter worth approximately $90,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys during the fourth quarter valued at about $90,000. Finally, Hsbc Holdings PLC boosted its position in shares of Stratasys by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock worth $148,000 after purchasing an additional 1,564 shares in 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.