Stratasys (SSYS) Downgraded by BidaskClub

BidaskClub cut shares of Stratasys (NASDAQ:SSYS) from a hold rating to a sell rating in a research report released on Tuesday morning, BidAskClub reports.

Several other research firms have also recently weighed in on SSYS. JPMorgan Chase & Co. restated a sell rating on shares of Stratasys in a research report on Monday, April 1st. ValuEngine cut shares of Stratasys from a buy rating to a hold rating in a research report on Monday, April 1st. Zacks Investment Research cut shares of Stratasys from a hold rating to a sell rating in a research report on Wednesday, March 13th. Finally, Piper Jaffray Companies reiterated an overweight rating and set a $32.00 price target on shares of Stratasys in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Stratasys currently has a consensus rating of Hold and an average price target of $23.50.

SSYS opened at $25.69 on Tuesday. The company has a quick ratio of 3.19, a current ratio of 3.89 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 111.70, a P/E/G ratio of 4.31 and a beta of 1.95. Stratasys has a 1-year low of $17.06 and a 1-year high of $28.84.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. The firm had revenue of $155.30 million during the quarter, compared to analysts’ expectations of $152.78 million. Stratasys had a negative net margin of 1.65% and a positive return on equity of 1.21%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. As a group, equities research analysts forecast that Stratasys will post 0.33 EPS for the current year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Stratasys by 4.5% during the 4th quarter. BlackRock Inc. now owns 2,483,425 shares of the technology company’s stock worth $44,725,000 after buying an additional 107,594 shares during the period. Baillie Gifford & Co. grew its position in shares of Stratasys by 6.0% during the 1st quarter. Baillie Gifford & Co. now owns 805,117 shares of the technology company’s stock worth $19,177,000 after buying an additional 45,226 shares during the period. Norges Bank acquired a new stake in shares of Stratasys during the 4th quarter worth approximately $9,733,000. Millennium Management LLC grew its position in shares of Stratasys by 505.2% during the 4th quarter. Millennium Management LLC now owns 492,329 shares of the technology company’s stock worth $8,867,000 after buying an additional 410,983 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Stratasys by 34.6% during the 4th quarter. Geode Capital Management LLC now owns 264,691 shares of the technology company’s stock worth $4,767,000 after acquiring an additional 68,032 shares during the last quarter. Institutional investors own 69.17% of the company’s stock.

Stratasys Company Profile

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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Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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