Needham & Company LLC Forecasts Strong Price Appreciation for Stratasys (NASDAQ:SSYS) Stock

Stratasys (NASDAQ:SSYS) had its price target boosted by Needham & Company LLC from $12.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald upped their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday. Craig Hallum upped their price objective on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.20.

Stratasys Stock Down 5.9 %

Shares of SSYS opened at $9.74 on Thursday. Stratasys has a 52 week low of $6.05 and a 52 week high of $12.88. The stock has a market cap of $695.22 million, a price-to-earnings ratio of -7.38 and a beta of 1.31. The business has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $8.90.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, topping 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 net margin of 16.13% and a negative return on equity of 3.75%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 EPS. On average, equities analysts anticipate that Stratasys will post -0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stratasys

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

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.