Stratasys (NASDAQ:SSYS) Trading Down 5.7% – Should You Sell?

Shares of Stratasys Ltd. (NASDAQ:SSYS) traded down 5.7% during mid-day trading on Thursday . The company traded as low as $9.61 and last traded at $9.76. 141,383 shares changed hands during trading, a decline of 75% from the average session volume of 563,767 shares. The stock had previously closed at $10.35.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Stratasys from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday. Cantor Fitzgerald lifted their target price on Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com cut Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Craig Hallum lifted their target price on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stratasys has an average rating of “Moderate Buy” and an average target price of $12.20.

Stratasys Stock Down 5.8 %

The stock has a market capitalization of $695.58 million, a P/E ratio of -7.39 and a beta of 1.31. The company has a 50 day moving average of $10.23 and a 200-day moving average of $8.90.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, March 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $150.40 million for the quarter, compared to analysts’ expectations of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. Equities analysts forecast that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in Stratasys during the fourth quarter worth about $68,000. Teton Advisors Inc. acquired a new stake in Stratasys in the 4th quarter worth approximately $89,000. Quantbot Technologies LP acquired a new stake in Stratasys in the 3rd quarter worth approximately $90,000. SBI Securities Co. Ltd. acquired a new stake in Stratasys in the 4th quarter worth approximately $90,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock worth $148,000 after buying an additional 1,564 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

Stratasys Company Profile

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.