Stratasys’ (SSYS) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Stratasys (NASDAQ:SSYS) in a research report sent to investors on Monday morning,Benzinga reports. Needham & Company LLC currently has a $12.00 price objective on the technology company’s stock.

Several other equities analysts have also weighed in on SSYS. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Craig Hallum upped their target price on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stratasys presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Stock Performance

Shares of Stratasys stock opened at $11.31 on Monday. The company’s fifty day moving average is $9.44 and its two-hundred day moving average is $8.36. The company has a market capitalization of $807.31 million, a P/E ratio of -8.57 and a beta of 1.31. Stratasys has a 1 year low of $6.05 and a 1 year high of $13.98.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. Stratasys’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) earnings per share. As a group, equities analysts expect that Stratasys will post -0.4 earnings per share for the current year.

Institutional Trading of Stratasys

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rubric Capital Management LP grew its holdings in shares of Stratasys by 3.7% during the third quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company’s stock valued at $51,447,000 after buying an additional 222,297 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Stratasys by 0.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company’s stock worth $12,445,000 after buying an additional 9,522 shares in the last quarter. Clearline Capital LP increased its stake in Stratasys by 23.3% in the third quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company’s stock valued at $11,362,000 after acquiring an additional 258,603 shares during the period. Invenomic Capital Management LP acquired a new stake in shares of Stratasys during the 3rd quarter worth about $10,916,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Stratasys by 53.1% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock valued at $10,255,000 after buying an additional 400,000 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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.