Stratasys (NASDAQ:SSYS) Trading Up 4% – Still a Buy?

Stratasys Ltd. (NASDAQ:SSYS)’s stock price shot up 4% during mid-day trading on Thursday . The company traded as high as $10.77 and last traded at $10.75. 497,610 shares were traded during mid-day trading, a decline of 4% from the average session volume of 517,326 shares. The stock had previously closed at $10.34.

Analyst Ratings Changes

A number of research firms have recently commented on SSYS. Craig Hallum increased their target price on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Lake Street Capital reduced their target price on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Cantor Fitzgerald lowered their price target on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Needham & Company LLC boosted their price objective on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Loop Capital decreased their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Stock Performance

The firm has a market capitalization of $719.51 million, a P/E ratio of -7.64 and a beta of 1.31. The business’s fifty day moving average price is $8.52 and its two-hundred day moving average price is $8.23.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $140.00 million during the quarter, compared to analysts’ expectations of $139.49 million. During the same quarter last year, the firm earned ($0.05) EPS. The business’s quarterly revenue was down 13.6% on a year-over-year basis. Sell-side analysts predict that Stratasys Ltd. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in shares of Stratasys in the 3rd quarter valued at $90,000. Stifel Financial Corp boosted its holdings in Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after purchasing an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Stratasys during the 3rd quarter worth about $210,000. Values First Advisors Inc. raised its stake in shares of Stratasys by 51.3% during the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock valued at $278,000 after buying an additional 11,254 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Stratasys in the 3rd quarter valued at about $322,000. Institutional investors and hedge funds 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.