Stratasys Ltd. (NASDAQ:SSYS) Receives $12.20 Consensus Price Target from Analysts

Shares of Stratasys Ltd. (NASDAQ:SSYS) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.20.

A number of research analysts recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Wall Street Zen raised shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, Cantor Fitzgerald lifted their price target on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th.

Hedge Funds Weigh In On Stratasys

Several hedge funds and other institutional investors have recently bought and sold shares of SSYS. Invenomic Capital Management LP increased its stake in Stratasys by 111.9% in the first quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company’s stock valued at $24,144,000 after purchasing an additional 1,302,264 shares in the last quarter. RPG Investment Advisory LLC increased its position in shares of Stratasys by 102.3% during the first quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company’s stock worth $21,517,000 after acquiring an additional 1,111,491 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Stratasys by 84.7% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company’s stock worth $20,862,000 after acquiring an additional 977,403 shares in the last quarter. Penn Capital Management Company LLC bought a new stake in Stratasys in the 4th quarter worth about $5,376,000. Finally, Nuveen LLC bought a new stake in Stratasys in the 1st quarter worth about $4,097,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Stock Performance

NASDAQ SSYS opened at $10.65 on Friday. Stratasys has a 52-week low of $6.05 and a 52-week high of $12.88. The firm has a 50-day moving average of $9.98 and a 200-day moving average of $10.02. The stock has a market cap of $763.78 million, a PE ratio of -8.07 and a beta of 1.52.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, May 8th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 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 $136.05 million for the quarter, compared to analysts’ expectations of $134.11 million. During the same period last year, the firm earned ($0.02) earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, analysts predict that Stratasys will post -0.4 EPS for the current fiscal year.

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.