Stratasys (NASDAQ:SSYS) Price Target Raised to $15.00

Stratasys (NASDAQ:SSYS) had its price target upped by Craig Hallum from $12.00 to $15.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other brokerages also recently weighed in on SSYS. Cantor Fitzgerald decreased their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Needham & Company LLC lifted their price objective on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday. Lake Street Capital dropped their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Loop Capital reduced their price target on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Finally, StockNews.com assumed coverage on shares of Stratasys in a research note on Monday, September 2nd. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Down 3.6 %

Stratasys stock opened at $9.26 on Thursday. Stratasys has a fifty-two week low of $6.05 and a fifty-two week high of $14.93. The stock’s 50 day simple moving average is $7.62 and its two-hundred day simple moving average is $8.20.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $146.38 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share. Sell-side analysts forecast that Stratasys will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SSYS. Crewe Advisors LLC bought a new stake in Stratasys in the 1st quarter worth about $61,000. Quantbot Technologies LP purchased a new position in shares of Stratasys during the third quarter valued at approximately $90,000. Stifel Financial Corp lifted its position in Stratasys by 24.7% during 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 period. Point72 Asset Management L.P. purchased a new stake in Stratasys in the third quarter worth approximately $210,000. Finally, Values First Advisors Inc. grew its position in Stratasys by 51.3% in the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after purchasing an additional 11,254 shares during the period. 75.77% of the stock is owned by institutional investors.

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.