Stratasys (NASDAQ:SSYS) Shares Down 4.2% – Should You Sell?

Stratasys Ltd. (NASDAQ:SSYS)’s stock price traded down 4.2% during trading on Friday . The company traded as low as $10.28 and last traded at $10.34. 94,752 shares were traded during mid-day trading, a decline of 82% from the average session volume of 516,908 shares. The stock had previously closed at $10.79.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Loop Capital decreased their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. StockNews.com lowered Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Lake Street Capital lowered their price objective on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Cantor Fitzgerald reduced 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. Finally, Needham & Company LLC lifted their target price on shares of Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

Stratasys Stock Down 6.6 %

The stock has a fifty day moving average of $8.52 and a two-hundred day moving average of $8.22. The stock has a market cap of $719.51 million, a price-to-earnings 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, topping the consensus estimate of ($0.04) by $0.05. The company had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business’s revenue was down 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. On average, research analysts expect that Stratasys Ltd. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Stratasys

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Stratasys by 1.4% in the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock worth $877,000 after acquiring an additional 1,500 shares during the period. Barclays PLC raised its stake in shares of Stratasys by 1.9% during the 3rd quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock worth $669,000 after buying an additional 1,525 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after buying an additional 2,483 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Stratasys by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after acquiring an additional 3,791 shares during the last quarter. Finally, ARK Investment Management LLC raised its position in Stratasys by 0.7% during the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock worth $5,378,000 after acquiring an additional 4,589 shares during the last quarter. 75.77% of the stock is currently 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 selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.