Stratasys Ltd. (NASDAQ:SSYS) Given Average Recommendation of “Moderate Buy” by Analysts

Stratasys Ltd. (NASDAQ:SSYS) has received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $12.20.

A number of research firms recently weighed in on SSYS. Needham & Company LLC increased their price objective on shares of Stratasys from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Cantor Fitzgerald increased their price target on Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Stratasys Price Performance

NASDAQ:SSYS opened at $10.19 on Monday. The firm has a market capitalization of $730.79 million, a price-to-earnings ratio of -7.72 and a beta of 1.28. The business has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $9.12. Stratasys has a 1 year low of $6.05 and a 1 year high of $12.88.

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

Hedge Funds Weigh In On Stratasys

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of Stratasys during the fourth quarter valued at approximately $68,000. Teton Advisors Inc. bought a new stake in Stratasys during the 4th quarter valued at $89,000. Quantbot Technologies LP bought a new stake in Stratasys during the 3rd quarter valued at $90,000. SBI Securities Co. Ltd. purchased a new stake in shares of Stratasys in the 4th quarter worth $90,000. Finally, Hsbc Holdings PLC grew its position in shares of Stratasys by 10.4% during the 4th 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 in the last quarter. 75.77% of the stock is currently owned by institutional investors.

About Stratasys

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.