Stratasys (NASDAQ:SSYS)‘s stock had its “neutral” rating reaffirmed by Piper Jaffray in a research note issued to investors on Wednesday. They presently have a $19.00 price objective on the technology company’s stock. Piper Jaffray’s price target would indicate a potential upside of 7.34% from the company’s previous close.
SSYS has been the topic of several other research reports. Zacks Investment Research downgraded Stratasys from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. ValuEngine downgraded Stratasys from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, BidaskClub downgraded Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.17.
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NASDAQ:SSYS traded up $0.35 during trading hours on Wednesday, reaching $17.70. 279,386 shares of the stock were exchanged, compared to its average volume of 767,193. The company has a quick ratio of 3.06, a current ratio of 3.77 and a debt-to-equity ratio of 0.02. Stratasys has a 52 week low of $17.17 and a 52 week high of $30.88. The company has a market cap of $958.08, a PE ratio of 133.46, a P/E/G ratio of 3.57 and a beta of 1.32.
Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, May 2nd. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Stratasys had a positive return on equity of 0.78% and a negative net margin of 5.94%. The firm had revenue of $153.80 million for the quarter, compared to the consensus estimate of $167.32 million. During the same period in the prior year, the business earned $0.05 EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. sell-side analysts expect that Stratasys will post 0.17 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. LPL Financial LLC raised its stake in Stratasys by 24.2% during the 4th quarter. LPL Financial LLC now owns 12,511 shares of the technology company’s stock valued at $250,000 after acquiring an additional 2,439 shares in the last quarter. New York State Common Retirement Fund raised its stake in Stratasys by 4.0% during the 3rd quarter. New York State Common Retirement Fund now owns 65,890 shares of the technology company’s stock valued at $1,523,000 after acquiring an additional 2,547 shares in the last quarter. Teachers Advisors LLC raised its stake in Stratasys by 3.2% during the 4th quarter. Teachers Advisors LLC now owns 91,478 shares of the technology company’s stock valued at $1,826,000 after acquiring an additional 2,840 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Stratasys by 0.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 535,320 shares of the technology company’s stock valued at $10,685,000 after acquiring an additional 3,800 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Stratasys by 40.1% during the 1st quarter. SG Americas Securities LLC now owns 26,221 shares of the technology company’s stock valued at $529,000 after acquiring an additional 7,511 shares in the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.