Investment analysts at StockNews.com initiated coverage on shares of Stratasys (NASDAQ:SSYS – Get Free Report) in a research report issued on Tuesday. The firm set a “buy” rating on the technology company’s stock.
Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of Stratasys in a report on Thursday, August 10th.
View Our Latest Research Report on SSYS
Stratasys Price Performance
Stratasys (NASDAQ:SSYS – Get Free Report) last posted its earnings results on Wednesday, August 9th. The technology company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.05. The business had revenue of $159.75 million during the quarter, compared to the consensus estimate of $153.24 million. Stratasys had a negative return on equity of 2.02% and a negative net margin of 7.05%. Equities analysts anticipate that Stratasys will post -0.23 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Stratasys
Institutional investors have recently made changes to their positions in the stock. Capital Analysts LLC bought a new stake in shares of Stratasys in the first quarter valued at about $30,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Stratasys by 73.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,103 shares of the technology company’s stock valued at $35,000 after purchasing an additional 890 shares in the last quarter. Nemes Rush Group LLC bought a new stake in shares of Stratasys in the second quarter valued at about $53,000. Captrust Financial Advisors raised its holdings in Stratasys by 315.6% during the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock worth $58,000 after acquiring an additional 2,332 shares in the last quarter. Finally, Amundi raised its holdings in Stratasys by 25.2% during the fourth quarter. Amundi now owns 6,921 shares of the technology company’s stock worth $95,000 after acquiring an additional 1,393 shares in the last quarter. 70.14% of the stock is owned by institutional investors and hedge funds.
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 SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.
Featured Stories
- Five stocks we like better than Stratasys
- What Does Downgrade Mean in Investing?
- 3 Sizzling Dividends That Are Going On Sale
- Technology Stocks Explained: Here’s What to Know About Tech
- 3 Ways To Trade, Trade Desk Stock Post Earnings
- Consumer Staples Stocks, Explained
- Inflation, The Fed, and Oil Prices: Interest Rates Are Going Up
Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.
