Stratasys (NASDAQ:SSYS) Given New $16.00 Price Target at Needham & Company LLC

Stratasys (NASDAQ:SSYS) had its target price decreased by Needham & Company LLC from $17.00 to $16.00 in a report issued on Friday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

Separately, StockNews.com assumed coverage on Stratasys in a research note on Saturday, November 11th. They set a buy rating for the company.

Stratasys Price Performance

Stratasys stock opened at $11.05 on Friday. Stratasys has a one year low of $9.95 and a one year high of $21.72. The business has a fifty day moving average price of $11.58 and a 200-day moving average price of $14.71. The firm has a market capitalization of $755.82 million, a P/E ratio of -6.86 and a beta of 1.45.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Thursday, November 16th. The technology company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Stratasys had a negative return on equity of 1.96% and a negative net margin of 17.53%. The firm had revenue of $162.13 million during the quarter, compared to analyst estimates of $161.72 million. Sell-side analysts expect that Stratasys will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Large investors have recently added to or reduced their stakes in the company. Capital Analysts LLC purchased a new stake in Stratasys during the first quarter valued at about $30,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Stratasys by 73.4% during 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 purchased a new stake in Stratasys during the second quarter valued at about $53,000. Captrust Financial Advisors raised its position in Stratasys by 315.6% during the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock valued at $58,000 after purchasing an additional 2,332 shares in the last quarter. Finally, CWM LLC raised its position in Stratasys by 2,633.3% during the third quarter. CWM LLC now owns 3,280 shares of the technology company’s stock valued at $45,000 after purchasing an additional 3,160 shares in the last quarter. Hedge funds and other institutional investors own 72.65% of the company’s stock.

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.