Stratasys (NASDAQ:SSYS) Sees Strong Trading Volume – Here’s What Happened

Stratasys, Ltd. (NASDAQ:SSYS) shares saw an uptick in trading volume on Friday . 1,941,125 shares traded hands during mid-day trading, an increase of 51% from the previous session’s volume of 1,289,613 shares.The stock last traded at $11.03 and had previously closed at $11.62.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SSYS shares. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a report on Wednesday, October 8th. Needham & Company LLC dropped their price objective on Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. UBS Group restated an “overweight” rating on shares of Stratasys in a research note on Friday, November 14th. Finally, Cantor Fitzgerald upped their price objective on shares of Stratasys from $13.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.75.

Stratasys Stock Performance

The company has a 50-day moving average price of $9.21 and a two-hundred day moving average price of $10.32. The stock has a market capitalization of $946.12 million, a P/E ratio of -6.87 and a beta of 1.43. The company has a current ratio of 3.65, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03.

Stratasys (NASDAQ:SSYS) last released its earnings results on Thursday, November 13th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $136.97 million for the quarter, compared to the consensus estimate of $136.60 million. Stratasys had a negative return on equity of 0.72% and a negative net margin of 22.69%.During the same period in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Stratasys has set its FY 2025 guidance at 0.130-0.160 EPS. On average, equities analysts forecast that Stratasys, Ltd. will post -0.4 earnings per share for the current year.

Hedge Funds Weigh In On Stratasys

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors bought a new stake in shares of Stratasys in the third quarter worth $15,204,000. Rubric Capital Management LP raised its position in shares of Stratasys by 18.3% in the 2nd quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company’s stock worth $89,502,000 after purchasing an additional 1,205,764 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Stratasys during the second quarter valued at approximately $3,234,000. Exchange Traded Concepts LLC boosted its stake in shares of Stratasys by 18.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,629,459 shares of the technology company’s stock worth $14,144,000 after acquiring an additional 256,908 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Stratasys in the third quarter worth $2,352,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Company Profile

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.