Cowen and Company reissued their market perform rating on shares of Stratasys, Ltd. (NASDAQ:SSYS) in a research note issued to investors on Wednesday, May 17th. The brokerage currently has a $27.00 price target on the technology company’s stock, up from their previous price target of $18.00.
Several other research firms also recently weighed in on SSYS. Vetr upgraded Stratasys from a buy rating to a strong-buy rating and set a $23.15 price target on the stock in a research note on Monday, February 27th. William Blair cut Stratasys from a market perform rating to an underperform rating in a report on Monday, May 15th. Standpoint Research cut Stratasys from a buy rating to a reduce rating in a report on Monday, April 24th. Needham & Company LLC reissued a buy rating and issued a $20.00 price objective (down previously from $21.00) on shares of Stratasys in a report on Saturday, March 11th. Finally, Piper Jaffray Companies raised Stratasys from a neutral rating to an overweight rating and boosted their price objective for the company from $21.00 to $28.00 in a report on Monday, April 17th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $23.93.
Stratasys (SSYS) opened at 27.60 on Wednesday. The firm has a 50-day moving average price of $26.77 and a 200-day moving average price of $21.38. Stratasys has a 12-month low of $16.37 and a 12-month high of $30.88. The company’s market cap is $1.46 billion. Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The business had revenue of $163.20 million for the quarter, compared to the consensus estimate of $162.38 million. Stratasys had a negative return on equity of 1.54% and a negative net margin of 43.97%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. On average, analysts forecast that Stratasys will post $0.28 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Tocqueville Asset Management L.P. raised its stake in Stratasys by 4.2% in the third quarter. Tocqueville Asset Management L.P. now owns 104,539 shares of the technology company’s stock worth $2,518,000 after buying an additional 4,183 shares during the period. State Street Corp raised its stake in Stratasys by 2.5% in the fourth quarter. State Street Corp now owns 811,176 shares of the technology company’s stock worth $13,417,000 after buying an additional 19,694 shares during the period. UBS Oconnor LLC raised its stake in Stratasys by 9.2% in the third quarter. UBS Oconnor LLC now owns 650,000 shares of the technology company’s stock worth $15,659,000 after buying an additional 54,616 shares during the period. Norges Bank bought a new stake in Stratasys during the fourth quarter worth about $4,187,000. Finally, Vident Investment Advisory LLC raised its stake in Stratasys by 87.9% in the fourth quarter. Vident Investment Advisory LLC now owns 79,472 shares of the technology company’s stock worth $1,314,000 after buying an additional 37,181 shares during the period. Institutional investors and hedge funds own 59.25% of the company’s stock. About Stratasys