Stratasys (SSYS) Rating Lowered to Hold at BidaskClub

BidaskClub cut shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Other research analysts have also issued research reports about the company. Citigroup set a $29.00 target price on Stratasys and gave the company a buy rating in a report on Wednesday, November 15th. Zacks Investment Research raised Stratasys from a hold rating to a buy rating and set a $23.00 target price for the company in a report on Friday, November 17th. Needham & Company LLC reaffirmed a hold rating on shares of Stratasys in a report on Friday, October 13th. B. Riley reaffirmed a hold rating and set a $30.00 target price on shares of Stratasys in a report on Wednesday, November 15th. Finally, Loop Capital reduced their target price on Stratasys from $24.00 to $21.00 and set a hold rating for the company in a report on Wednesday, November 15th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $24.94.

Stratasys (NASDAQ:SSYS) opened at $20.21 on Tuesday. The company has a current ratio of 3.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1,140.00, a PE ratio of -19.07, a price-to-earnings-growth ratio of 3.89 and a beta of 1.49. Stratasys has a twelve month low of $18.04 and a twelve month high of $30.88.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $155.90 million during the quarter, compared to analyst estimates of $160.97 million. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The company’s revenue was down .8% compared to the same quarter last year. equities research analysts expect that Stratasys will post 0.17 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. AXA grew its holdings in shares of Stratasys by 38.1% during the third quarter. AXA now owns 1,058,110 shares of the technology company’s stock worth $24,464,000 after purchasing an additional 292,084 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Stratasys during the second quarter worth about $227,000. Alyeska Investment Group L.P. grew its holdings in shares of Stratasys by 280.2% during the third quarter. Alyeska Investment Group L.P. now owns 855,447 shares of the technology company’s stock worth $19,778,000 after purchasing an additional 630,447 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Stratasys by 18.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 97,500 shares of the technology company’s stock worth $2,133,000 after purchasing an additional 15,500 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Stratasys by 12.6% during the third quarter. California Public Employees Retirement System now owns 99,746 shares of the technology company’s stock worth $2,306,000 after purchasing an additional 11,146 shares in the last quarter. 71.02% of the stock is owned by institutional investors.

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About Stratasys

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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