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.
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.
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