Stratasys, Ltd. (SSYS) PT Set at $29.00 by Citigroup Inc.

Stratasys, Ltd. (NASDAQ:SSYS) has been assigned a $29.00 price target by investment analysts at Citigroup Inc. in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup Inc.’s price target indicates a potential upside of 38.23% from the company’s previous close.

SSYS has been the subject of several other research reports. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, September 22nd. Susquehanna Bancshares Inc upgraded shares of Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price target on the stock in a report on Friday, October 20th. Cowen and Company set a $27.00 price target on shares of Stratasys and gave the stock a “hold” rating in a report on Monday, August 7th. BidaskClub lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, KeyCorp restated a “hold” rating on shares of Stratasys in a report on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.38.

Stratasys (NASDAQ:SSYS) traded up $0.13 during mid-day trading on Wednesday, hitting $20.98. The stock had a trading volume of 674,009 shares, compared to its average volume of 792,587. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 3.32. Stratasys has a one year low of $16.37 and a one year high of $30.88. The firm has a market cap of $1,110.00, a P/E ratio of 149.86, a P/E/G ratio of 17.48 and a beta of 1.40.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $155.90 million during the quarter, compared to analysts’ expectations of $160.97 million. Stratasys had a negative net margin of 6.74% and a positive return on equity of 0.62%. The company’s quarterly revenue was down .8% on a year-over-year basis. analysts predict that Stratasys will post 0.06 EPS for the current year.

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Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Stratasys by 132.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,228,790 shares of the technology company’s stock valued at $28,645,000 after acquiring an additional 700,246 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of Stratasys by 280.2% in the third quarter. Alyeska Investment Group L.P. now owns 855,447 shares of the technology company’s stock worth $19,778,000 after acquiring an additional 630,447 shares during the period. Columbus Circle Investors bought a new stake in Stratasys during the second quarter valued at approximately $10,407,000. Vident Investment Advisory LLC grew its position in Stratasys by 71.9% during the third quarter. Vident Investment Advisory LLC now owns 542,814 shares of the technology company’s stock valued at $12,550,000 after buying an additional 227,087 shares during the period. Finally, Quantitative Investment Management LLC bought a new stake in Stratasys during the second quarter valued at approximately $5,216,000. 65.84% of the stock is currently 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.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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