Stratasys (NASDAQ:SSYS) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Stratasys (NASDAQ:SSYS) in a research note issued to investors on Tuesday morning. The firm issued a buy rating on the technology company’s stock.

Separately, Cantor Fitzgerald initiated coverage on shares of Stratasys in a report on Tuesday, February 13th. They set an overweight rating and a $24.00 price objective on the stock.

Stratasys Stock Up 0.2 %

SSYS opened at $9.06 on Tuesday. The stock’s fifty day moving average is $10.30 and its two-hundred day moving average is $11.79. The company has a market capitalization of $631.12 million, a P/E ratio of -5.06 and a beta of 1.33. Stratasys has a 52 week low of $8.90 and a 52 week high of $21.72.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The company had revenue of $156.34 million during the quarter, compared to analyst estimates of $153.96 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Stratasys will post -0.29 earnings per share for the current year.

Institutional Trading of Stratasys

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its position in Stratasys by 165.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 39,074 shares of the technology company’s stock valued at $532,000 after buying an additional 24,371 shares during the last quarter. Trium Capital LLP grew its position in Stratasys by 37,213.1% during the 3rd quarter. Trium Capital LLP now owns 133,581 shares of the technology company’s stock worth $1,818,000 after purchasing an additional 133,223 shares during the period. Barclays PLC raised its stake in shares of Stratasys by 451,312.5% during the 3rd quarter. Barclays PLC now owns 72,226 shares of the technology company’s stock valued at $983,000 after buying an additional 72,210 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Stratasys in the 3rd quarter valued at about $158,000. Finally, Values First Advisors Inc. boosted its stake in shares of Stratasys by 11.5% in the third quarter. Values First Advisors Inc. now owns 18,824 shares of the technology company’s stock worth $256,000 after buying an additional 1,936 shares during the last quarter. Institutional investors and hedge funds own 75.77% 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 selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.