BidaskClub Downgrades Stratasys (NASDAQ:SSYS) to Hold

BidaskClub lowered shares of Stratasys (NASDAQ:SSYS) from a buy rating to a hold rating in a report issued on Friday, BidAskClub reports.

Separately, ValuEngine raised shares of Stratasys from a hold rating to a buy rating in a research note on Friday, June 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Stratasys currently has an average rating of Hold and an average target price of $25.50.

Stratasys stock traded down $1.09 during trading on Friday, reaching $24.64. The company had a trading volume of 798,268 shares, compared to its average volume of 674,624. The company has a 50-day moving average of $27.25. Stratasys has a 1-year low of $17.06 and a 1-year high of $30.60. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 107.13, a PEG ratio of 3.64 and a beta of 2.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.84 and a quick ratio of 3.07.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Stratasys had a net margin of 0.69% and a return on equity of 1.30%. The company had revenue of $163.16 million during the quarter, compared to analyst estimates of $168.74 million. During the same period in the prior year, the business posted $0.15 EPS. Stratasys’s revenue was down 4.2% compared to the same quarter last year. As a group, analysts expect that Stratasys will post 0.33 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ARK Investment Management LLC boosted its stake in Stratasys by 6.2% during the 2nd quarter. ARK Investment Management LLC now owns 7,711,945 shares of the technology company’s stock worth $226,500,000 after purchasing an additional 452,017 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Stratasys by 9,931.6% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,949,096 shares of the technology company’s stock worth $86,615,000 after purchasing an additional 2,919,698 shares during the last quarter. BlackRock Inc. boosted its stake in 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 purchasing an additional 107,594 shares during the last quarter. Baillie Gifford & Co. boosted its stake in 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 purchasing an additional 45,226 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Stratasys by 62.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 746,000 shares of the technology company’s stock worth $19,150,000 after purchasing an additional 286,847 shares during the last quarter. 72.10% of the stock is currently owned by institutional investors.

About Stratasys

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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