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

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

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

Stratasys Stock Performance

Shares of NASDAQ:SSYS opened at $7.79 on Friday. The business’s 50-day simple moving average is $8.34 and its 200 day simple moving average is $10.00. The company has a market cap of $542.62 million, a P/E ratio of -4.26 and a beta of 1.21. Stratasys has a one year low of $7.04 and a one year high of $15.03.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. The company had revenue of $144.05 million during the quarter, compared to analysts’ expectations of $147.53 million. Analysts predict that Stratasys will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Stratasys

A number of institutional investors have recently modified their holdings of the business. RIA Advisory Group LLC acquired a new position in Stratasys in the fourth quarter valued at approximately $33,000. Crewe Advisors LLC acquired a new position in Stratasys during the 1st quarter valued at approximately $61,000. Larson Financial Group LLC boosted its position in Stratasys by 2,711.2% during the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock valued at $111,000 after purchasing an additional 9,218 shares during the period. Values First Advisors Inc. grew its stake in Stratasys by 51.3% during the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after buying an additional 11,254 shares during the last quarter. Finally, Formidable Asset Management LLC increased its position in Stratasys by 21.1% in the fourth quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock worth $303,000 after buying an additional 3,705 shares during the period. Institutional investors own 75.77% of the company’s stock.

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.