Several other research firms have also recently issued reports on SSYS. Piper Jaffray Companies reissued an overweight rating and issued a $26.00 price target (down previously from $32.00) on shares of Stratasys in a research note on Wednesday, November 13th. William Blair reissued a sell rating on shares of Stratasys in a research note on Monday, October 21st. Finally, ValuEngine raised Stratasys from a sell rating to a hold rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Stratasys presently has a consensus rating of Hold and an average target price of $21.67.
Shares of NASDAQ:SSYS traded down $0.17 on Thursday, hitting $18.94. The company’s stock had a trading volume of 645,200 shares, compared to its average volume of 559,478. Stratasys has a 12 month low of $17.06 and a 12 month high of $30.60. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 82.35, a price-to-earnings-growth ratio of 2.77 and a beta of 1.98. The stock’s 50-day moving average is $20.29 and its two-hundred day moving average is $23.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.93.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.11. Stratasys had a positive return on equity of 1.18% and a negative net margin of 0.27%. The company had revenue of $157.50 million during the quarter, compared to analysts’ expectations of $162.11 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts expect that Stratasys will post 0.27 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in SSYS. Joel Isaacson & Co. LLC bought a new position in shares of Stratasys in the second quarter worth $235,000. Commonwealth Equity Services LLC boosted its stake in Stratasys by 5.1% during the second quarter. Commonwealth Equity Services LLC now owns 12,573 shares of the technology company’s stock valued at $369,000 after buying an additional 615 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Stratasys by 33.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 11,243 shares of the technology company’s stock valued at $330,000 after buying an additional 2,815 shares in the last quarter. Convergence Investment Partners LLC bought a new position in Stratasys during the second quarter valued at about $195,000. Finally, Westside Investment Management Inc. bought a new position in Stratasys during the second quarter valued at about $832,000. 83.28% of the stock is owned by 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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