Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Stratasys in a report on Monday, April 1st. Three investment 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.50.
NASDAQ SSYS opened at $29.26 on Friday. The stock has a market capitalization of $1.58 billion, a PE ratio of 127.22, a P/E/G ratio of 3.82 and a beta of 2.03. Stratasys has a 52-week low of $17.06 and a 52-week high of $30.02. The business’s 50-day moving average price is $24.66. The company has a quick ratio of 3.07, a current ratio of 3.84 and a debt-to-equity ratio of 0.02.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm had revenue of $155.30 million during the quarter, compared to analysts’ expectations of $152.78 million. Stratasys had a negative net margin of 0.03% and a positive return on equity of 1.40%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. On average, equities research analysts predict that Stratasys will post 0.33 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in Stratasys by 3.1% in the fourth quarter. LPL Financial LLC now owns 14,179 shares of the technology company’s stock valued at $255,000 after buying an additional 420 shares in the last quarter. Rhumbline Advisers increased its holdings in Stratasys by 0.7% in the first quarter. Rhumbline Advisers now owns 72,706 shares of the technology company’s stock valued at $1,732,000 after buying an additional 508 shares in the last quarter. Advisor Group Inc. increased its holdings in Stratasys by 14.2% in the fourth quarter. Advisor Group Inc. now owns 4,644 shares of the technology company’s stock valued at $83,000 after buying an additional 576 shares in the last quarter. Alps Advisors Inc. increased its holdings in Stratasys by 5.5% in the first quarter. Alps Advisors Inc. now owns 22,791 shares of the technology company’s stock valued at $543,000 after buying an additional 1,192 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Stratasys by 43.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,761 shares of the technology company’s stock valued at $137,000 after buying an additional 1,753 shares in the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.
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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