Stratasys Ltd (NASDAQ:SSYS) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $22.89.
A number of research analysts recently issued reports on the stock. ValuEngine lowered shares of Stratasys from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Zacks Investment Research upgraded shares of Stratasys from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, August 7th. Loop Capital raised their price target on shares of Stratasys to $21.00 and gave the stock a “positive” rating in a report on Thursday, August 2nd. They noted that the move was a valuation call. Susquehanna Bancshares set a $25.00 price target on shares of Stratasys and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Cowen set a $20.00 price target on shares of Stratasys and gave the stock a “hold” rating in a report on Wednesday, August 1st.
NASDAQ SSYS traded up $0.15 during trading hours on Thursday, reaching $24.31. The company’s stock had a trading volume of 337,607 shares, compared to its average volume of 662,239. The firm has a market cap of $1.28 billion, a PE ratio of 187.00, a price-to-earnings-growth ratio of 5.09 and a beta of 1.70. Stratasys has a 52 week low of $17.17 and a 52 week high of $26.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.95 and a quick ratio of 3.23.
Institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its holdings in Stratasys by 703.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 159,905 shares of the technology company’s stock worth $3,061,000 after purchasing an additional 140,000 shares during the last quarter. Rhumbline Advisers grew its position in shares of Stratasys by 5.8% during the 2nd quarter. Rhumbline Advisers now owns 50,016 shares of the technology company’s stock worth $957,000 after buying an additional 2,735 shares during the period. Legal & General Group Plc grew its position in shares of Stratasys by 8.0% during the 2nd quarter. Legal & General Group Plc now owns 666,125 shares of the technology company’s stock worth $12,749,000 after buying an additional 49,425 shares during the period. ARK Investment Management LLC grew its position in shares of Stratasys by 40.7% during the 2nd quarter. ARK Investment Management LLC now owns 6,808,746 shares of the technology company’s stock worth $130,319,000 after buying an additional 1,970,216 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in shares of Stratasys during the 2nd quarter worth approximately $288,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.
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