Posted by Defense World Staff on Aug 1st, 2024
Research analysts at StockNews.com started coverage on shares of Stratasys (NASDAQ:SSYS – Get Free Report) in a report released on Thursday. The firm set a “buy” rating on the technology company’s stock.
Several other brokerages also recently issued reports on SSYS. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price target on shares of Stratasys in a report on Thursday, May 30th. Craig Hallum lowered their target price on Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Finally, Needham & Company LLC cut their price target on Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 30th.
View Our Latest Report on SSYS
Stratasys Trading Up 1.5 %
Shares of SSYS opened at $8.56 on Thursday. The stock’s 50 day moving average is $8.76 and its two-hundred day moving average is $10.59. Stratasys has a twelve month low of $8.02 and a twelve month high of $19.20. The firm has a market capitalization of $596.29 million, a PE ratio of -4.68 and a beta of 1.21.
Stratasys (NASDAQ:SSYS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.15) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.15). Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. The firm had revenue of $144.05 million for the quarter, compared to analyst estimates of $147.53 million. On average, sell-side analysts predict that Stratasys will post -0.28 EPS for the current year.
Institutional Investors Weigh In On Stratasys
Hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Stratasys by 14.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,035 shares of the technology company’s stock worth $2,528,000 after purchasing an additional 22,262 shares during the period. RPG Investment Advisory LLC raised its stake in Stratasys by 10.1% during the fourth quarter. RPG Investment Advisory LLC now owns 422,507 shares of the technology company’s stock worth $6,033,000 after acquiring an additional 38,892 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Stratasys by 10.8% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock valued at $14,688,000 after acquiring an additional 100,000 shares during the period. RIA Advisory Group LLC bought a new position in shares of Stratasys during the fourth quarter valued at approximately $33,000. Finally, New York State Common Retirement Fund raised its position in shares of Stratasys by 49.0% during the 4th quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock worth $467,000 after purchasing an additional 10,747 shares during the period. Institutional investors and hedge funds 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.
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