Several other equities analysts also recently commented on the company. Piper Jaffray Companies upgraded Stratasys from a neutral rating to an overweight rating and upped their price objective for the company from $19.00 to $31.00 in a research note on Tuesday, January 29th. Zacks Investment Research downgraded Stratasys from a buy rating to a hold rating in a research note on Saturday, January 5th. JPMorgan Chase & Co. reiterated a sell rating on shares of Stratasys in a research note on Monday, April 1st. Finally, ValuEngine downgraded Stratasys from a buy rating to a hold rating in a research note on Monday, April 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Stratasys presently has an average rating of Hold and an average price target of $22.71.
Stratasys stock opened at $24.37 on Tuesday. Stratasys has a 12 month low of $17.06 and a 12 month high of $28.84. The company has a current ratio of 3.89, a quick ratio of 3.19 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.32 billion, a P/E ratio of 106.48, a PEG ratio of 4.54 and a beta of 1.99.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. Stratasys had a positive return on equity of 1.21% and a negative net margin of 1.65%. The business had revenue of $177.10 million for the quarter, compared to the consensus estimate of $185.78 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. Stratasys’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts predict that Stratasys will post 0.33 earnings per share for the current year.
Several large investors have recently bought and sold shares of SSYS. Norges Bank purchased a new stake in shares of Stratasys during the fourth quarter worth $9,733,000. Millennium Management LLC lifted its position in shares of Stratasys by 505.2% during the fourth quarter. Millennium Management LLC now owns 492,329 shares of the technology company’s stock worth $8,867,000 after acquiring an additional 410,983 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Stratasys during the fourth quarter worth $3,472,000. Deutsche Bank AG lifted its position in shares of Stratasys by 126.7% during the fourth quarter. Deutsche Bank AG now owns 241,451 shares of the technology company’s stock worth $4,345,000 after acquiring an additional 134,954 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of Stratasys by 160.7% during the third quarter. Federated Investors Inc. PA now owns 179,532 shares of the technology company’s stock worth $4,149,000 after acquiring an additional 110,654 shares in the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
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