Stratasys Ltd (NASDAQ:SSYS) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.00.
SSYS has been the subject of several recent analyst reports. ValuEngine downgraded shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of Stratasys in a research note on Monday, April 1st.
Several institutional investors have recently modified their holdings of SSYS. Norges Bank purchased a new position in Stratasys in the fourth quarter valued at $9,733,000. ARK Investment Management LLC increased its holdings in Stratasys by 7.2% in the first quarter. ARK Investment Management LLC now owns 7,259,928 shares of the technology company’s stock valued at $172,931,000 after buying an additional 485,770 shares in the last quarter. Millennium Management LLC increased its holdings in Stratasys by 505.2% in the fourth quarter. Millennium Management LLC now owns 492,329 shares of the technology company’s stock valued at $8,867,000 after buying an additional 410,983 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Stratasys in the first quarter valued at $8,818,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in Stratasys in the fourth quarter valued at $3,472,000. 72.11% of the stock is owned by hedge funds and other institutional investors.
SSYS traded down $0.07 during trading on Tuesday, hitting $29.26. The stock had a trading volume of 628,542 shares, compared to its average volume of 781,160. The stock has a market cap of $1.58 billion, a P/E ratio of 127.22, a PEG ratio of 3.81 and a beta of 2.03. Stratasys has a twelve month low of $17.06 and a twelve month high of $30.02. The company has a quick ratio of 3.07, a current ratio of 3.84 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $24.66.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company had revenue of $155.30 million during the quarter, compared to the consensus estimate of $152.78 million. Stratasys had a negative net margin of 0.03% and a positive return on equity of 1.40%. Stratasys’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. On average, sell-side analysts anticipate that Stratasys will post 0.33 EPS for the current fiscal year.
Stratasys Company Profile
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, 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.
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