Zacks Investment Research upgraded shares of Stratasys Ltd. (NASDAQ:SSYS) from a hold rating to a strong-buy rating in a research report released on Tuesday morning. The brokerage currently has $23.00 target price on the stock.
According to Zacks, “Stratasys is one of the leading 3D printing solution providers. The 3D printing market presents a favorable long-term investment opportunity as a large number of engineers, designers, architects and entrepreneurs are resorting to 3D solutions for primary designing and product modeling. Being the industry leader in 3D printing, this is encouraging information for Stratasys. Stratasys has entered into several strategic partnerships with the likes of The Boeing Co., Ford Motor Co. and Siemens to tap this opportunity. Going forward, the company’s sustained focus on launching new products and entering into strategic partnerships will drive long-term growth. Additionally, its efforts toward turning around MakerBot’s performance are encouraging. The initiatives will help Stratasys to gain more market share as the prospect of 3D printing industry appears bright.”
Several other research firms also recently weighed in on SSYS. Brean Capital reissued a hold rating on shares of Stratasys in a research report on Monday, August 8th. FBR & Co reissued an outperform rating and set a $29.00 target price on shares of Stratasys in a research report on Monday, October 3rd. Piper Jaffray Cos. reissued a neutral rating and set a $23.00 target price on shares of Stratasys in a research report on Saturday, October 15th. Vetr raised shares of Stratasys from a buy rating to a strong-buy rating and set a $28.67 target price on the stock in a research report on Monday, October 3rd. Finally, Needham & Company LLC reissued a buy rating and set a $24.00 target price on shares of Stratasys in a research report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Stratasys currently has an average rating of Hold and an average target price of $25.51.
Shares of Stratasys (NASDAQ:SSYS) opened at 19.00 on Tuesday. Stratasys has a 52 week low of $14.48 and a 52 week high of $30.46. The stock’s market capitalization is $992.12 million. The stock has a 50 day moving average of $21.89 and a 200-day moving average of $22.22.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Stratasys had a negative net margin of 177.98% and a negative return on equity of 1.31%. The firm had revenue of $172.10 million for the quarter, compared to the consensus estimate of $175.88 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts expect that Stratasys will post $0.32 EPS for the current year.
Several large investors have recently added to or reduced their stakes in SSYS. Stoneridge Investment Partners LLC acquired a new stake in Stratasys during the third quarter worth about $780,000. Douglas Lane & Associates LLC raised its stake in Stratasys by 4.1% in the third quarter. Douglas Lane & Associates LLC now owns 1,218,088 shares of the company’s stock worth $29,344,000 after buying an additional 48,029 shares during the last quarter. Nationwide Fund Advisors raised its stake in Stratasys by 131.9% in the third quarter. Nationwide Fund Advisors now owns 74,885 shares of the company’s stock worth $1,804,000 after buying an additional 42,600 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Stratasys during the third quarter worth about $145,000. Finally, David R. Rahn & Associates Inc. raised its stake in Stratasys by 57.9% in the third quarter. David R. Rahn & Associates Inc. now owns 117,197 shares of the company’s stock worth $2,823,000 after buying an additional 42,983 shares during the last quarter. 62.34% of the stock is owned by institutional investors and hedge funds.
Stratasys Company Profile
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.