Shares of Stratasys Ltd (NASDAQ:SSYS) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $27.00.
Several research firms have recently issued reports on SSYS. BidaskClub lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a report on Friday, June 28th.
SSYS stock traded down $1.09 during trading on Friday, hitting $24.64. 798,268 shares of the company’s stock traded hands, compared to its average volume of 674,624. Stratasys has a 52 week low of $17.06 and a 52 week high of $30.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.84 and a quick ratio of 3.07. The firm has a fifty day simple moving average of $27.25. The firm has a market capitalization of $1.51 billion, a PE ratio of 107.13, a price-to-earnings-growth ratio of 3.64 and a beta of 2.01.
Several institutional investors have recently added to or reduced their stakes in SSYS. Nikko Asset Management Americas Inc. lifted its holdings in shares of Stratasys by 9,931.6% in 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 acquiring an additional 2,919,698 shares during the last quarter. Norges Bank bought a new stake in shares of Stratasys in the 4th quarter worth about $9,733,000. ARK Investment Management LLC lifted its holdings in shares of Stratasys by 7.2% in the 1st quarter. ARK Investment Management LLC now owns 7,259,928 shares of the technology company’s stock worth $172,931,000 after acquiring an additional 485,770 shares during the last quarter. Millennium Management LLC increased its stake in Stratasys by 505.2% in 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, Rockefeller Capital Management L.P. purchased a new position in Stratasys in the 1st quarter worth about $8,818,000. Hedge funds and other institutional investors own 72.10% 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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