2 weeks Ago By Defense World Staff
Stratasys Ltd. (NASDAQ:SSYS – Get Free Report) saw some unusual options trading on Friday. Traders purchased 3,227 call options on the company.
This represents an increase of approximately 155% compared to the typical volume of 1,267 call options.Analyst Upgrades and DowngradesA number of analysts have weighed in on SSYS shares. Needham & Company LLC increased their target price on Stratasys from $12.
00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. StockNews.
com downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Cantor Fitzgerald lifted their price objective on shares of Stratasys from $12.00 to $15.
00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Stratasys currently has an average rating of “Moderate Buy” and an average price target of $12.
20.Get Our Latest Stock Analysis on StratasysHedge Funds Weigh In On StratasysA number of hedge funds have recently bought and sold shares of SSYS. Invenomic Capital Management LP purchased a new stake in Stratasys during the 3rd quarter valued at about $10,916,000.
Penn Capital Management Company LLC purchased a new stake in shares of Stratasys in the fourth quarter valued at approximately $5,376,000. RPG Investment Advisory LLC increased its holdings in shares of Stratasys by 64.6% in the fourth quarter.
RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock valued at $9,658,000 after purchasing an additional 426,341 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Stratasys by 53.
1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock worth $10,255,000 after buying an additional 400,000 shares during the last quarter.
Finally, Formula Growth Ltd. grew its holdings in Stratasys by 58.3% in the 4th quarter.
Formula Growth Ltd. now owns 760,000 shares of the technology company’s stock valued at $6,756,000 after buying an additional 280,000 shares in the last quarter. Hedge funds and other institutional investors own 75.
77% of the company’s stock. Stratasys Trading Down 1.7 %Shares of Stratasys stock opened at $10.
11 on Friday. The firm’s 50 day simple moving average is $10.58 and its two-hundred day simple moving average is $9.
24. The firm has a market capitalization of $725.05 million, a price-to-earnings ratio of -7.
66 and a beta of 1.28. Stratasys has a 12-month low of $6.
05 and a 12-month high of $12.88. Stratasys (NASDAQ:SSYS – Get Free Report) last released its earnings results on Wednesday, March 5th.
The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.
01. The firm had revenue of $150.40 million during the quarter, compared to the consensus estimate of $151.
01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.
13%. The company’s revenue was down 3.8% compared to the same quarter last year.
During the same quarter in the previous year, the company posted $0.02 earnings per share. On average, sell-side analysts predict that Stratasys will post -0.
4 EPS for the current fiscal year. Stratasys Company Profile (Get Free Report)Stratasys Ltd. provides connected polymer-based 3D printing solutions.
It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.See AlsoFive stocks we like better than Stratasys3 Home Improvement Stocks that Can Upgrade Your PortfolioMarketBeat Week in Review – 03/24 – 03/28Trading Stocks: RSI and Why it’s UsefulShould You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowWhat is a Stock Market Index and How Do You Use Them?4 Healthcare Stocks With Massive Gains—and More to Come.
