Stratasys (NASDAQ:SSYS) Trading 4% Higher – Time to Buy?

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

Wall Street Analyst Weigh In

SSYS has been the subject of several recent analyst reports. Craig Hallum lifted their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Lake Street Capital reduced their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Needham & Company LLC lifted their price target on shares of Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Loop Capital reduced their price objective on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald dropped their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Stock Down 6.6 %

The company has a 50-day moving average of $8.52 and a 200 day moving average of $8.23. The stock has a market capitalization of $719.51 million, a PE ratio of -7.64 and a beta of 1.31.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SSYS. Invenomic Capital Management LP purchased a new position in Stratasys during the third quarter worth about $10,916,000. Clearline Capital LP acquired a new position in Stratasys in the second quarter valued at approximately $9,301,000. Rubric Capital Management LP grew its position in Stratasys by 18.2% in the second quarter. Rubric Capital Management LP now owns 5,968,703 shares of the technology company’s stock worth $50,077,000 after acquiring an additional 918,703 shares during the period. RPG Investment Advisory LLC increased its stake in Stratasys by 29.6% during the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after acquiring an additional 150,891 shares during the last quarter. Finally, RBF Capital LLC purchased a new stake in Stratasys in the third quarter valued at $1,080,000. 75.77% of the stock is owned by hedge funds and other institutional investors.

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.