Stratasys (NASDAQ:SSYS) Upgraded by ValuEngine to Hold

Stratasys (NASDAQ:SSYS) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

Separately, BidaskClub raised Stratasys from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $25.50.

NASDAQ SSYS traded down $0.90 during trading hours on Monday, reaching $19.64. The stock had a trading volume of 608,285 shares, compared to its average volume of 548,195. The stock has a fifty day moving average of $22.05 and a 200 day moving average of $24.06. The stock has a market cap of $1.11 billion, a P/E ratio of 85.39, a price-to-earnings-growth ratio of 2.96 and a beta of 1.98. 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 0.01, a quick ratio of 3.02 and a current ratio of 3.85.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The firm had revenue of $163.16 million during the quarter, compared to analysts’ expectations of $168.74 million. Stratasys had a net margin of 0.69% and a return on equity of 1.30%. Stratasys’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, equities research analysts forecast that Stratasys will post 0.27 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Commerzbank Aktiengesellschaft FI lifted its holdings in Stratasys by 59.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 17,891 shares of the technology company’s stock valued at $381,000 after acquiring an additional 6,648 shares during the period. UBS Group AG lifted its holdings in Stratasys by 1.7% in the second quarter. UBS Group AG now owns 714,134 shares of the technology company’s stock valued at $20,975,000 after acquiring an additional 11,682 shares during the period. Concourse Capital Management LLC acquired a new position in Stratasys in the second quarter valued at approximately $491,000. Eaton Vance Management acquired a new position in Stratasys in the second quarter valued at approximately $227,000. Finally, Stonebridge Capital Advisors LLC acquired a new position in Stratasys in the second quarter valued at approximately $56,000. 79.06% of the stock is 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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