Stratasys (NASDAQ:SSYS) Sees Large Volume Increase – Here’s What Happened

Stratasys Ltd. (NASDAQ:SSYS) saw unusually-strong trading volume on Monday . Approximately 1,336,867 shares were traded during trading, an increase of 162% from the previous session’s volume of 510,794 shares.The stock last traded at $9.91 and had previously closed at $9.44.

Analyst Ratings Changes

A number of research firms have weighed in on SSYS. Cantor Fitzgerald cut their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Craig Hallum lifted their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Lake Street Capital lowered their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. StockNews.com began coverage on Stratasys in a research report on Monday, September 2nd. They issued a “hold” rating for the company. Finally, Needham & Company LLC increased their target price on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Stratasys has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Trading Up 3.4 %

The company has a 50 day simple moving average of $7.88 and a 200 day simple moving average of $8.17.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. The firm had revenue of $140.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. As a group, equities analysts anticipate that Stratasys Ltd. will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SSYS. Quantbot Technologies LP acquired a new stake in shares of Stratasys in the third quarter valued at approximately $90,000. Stifel Financial Corp grew its holdings in Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after buying an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Stratasys in the 3rd quarter worth $210,000. Values First Advisors Inc. raised its holdings in shares of 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 acquiring an additional 11,254 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Stratasys during the 3rd quarter valued at about $322,000. 75.77% of the stock is 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.