Stratasys (SSYS) Upgraded to “Strong-Buy” by BidaskClub

BidaskClub upgraded shares of Stratasys (NASDAQ:SSYS) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the company. Susquehanna Bancshares set a $25.00 target price on Stratasys and gave the stock a buy rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Stratasys from a hold rating to a buy rating and set a $25.00 target price on the stock in a research note on Tuesday, August 7th. TheStreet upgraded Stratasys from a d rating to a c- rating in a research note on Wednesday, June 6th. Cowen set a $20.00 target price on Stratasys and gave the stock a hold rating in a research note on Wednesday, August 1st. Finally, Deutsche Bank cut their target price on Stratasys from $20.00 to $18.00 and set a hold rating on the stock in a research note on Thursday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $22.78.

Stratasys traded up $0.83, reaching $24.14, during mid-day trading on Friday, MarketBeat Ratings reports. 1,160,411 shares of the company traded hands, compared to its average volume of 682,597. The company has a market capitalization of $1.25 billion, a P/E ratio of 185.69, a price-to-earnings-growth ratio of 8.13 and a beta of 1.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.97 and a current ratio of 3.66. Stratasys has a fifty-two week low of $17.17 and a fifty-two week high of $25.00.



Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $170.20 million during the quarter, compared to the consensus estimate of $167.06 million. Stratasys had a positive return on equity of 0.78% and a negative net margin of 5.57%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. sell-side analysts forecast that Stratasys will post 0.18 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. TRUE Private Wealth Advisors bought a new stake in Stratasys during the 2nd quarter valued at $215,000. LPL Financial LLC raised its holdings in Stratasys by 24.2% during the 4th quarter. LPL Financial LLC now owns 12,511 shares of the technology company’s stock valued at $250,000 after acquiring an additional 2,439 shares during the period. Jane Street Group LLC bought a new stake in Stratasys during the 1st quarter valued at $269,000. Alps Advisors Inc. bought a new stake in Stratasys during the 2nd quarter valued at $288,000. Finally, Federated Investors Inc. PA raised its holdings in Stratasys by 81,154.5% during the 1st quarter. Federated Investors Inc. PA now owns 17,876 shares of the technology company’s stock valued at $361,000 after acquiring an additional 17,854 shares during the period. Institutional investors and hedge funds own 74.83% of the company’s stock.

Stratasys Company Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large 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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