According to Bloomberg.com, the eight brokerages now monitoring Stratasys Ltd. (NASDAQ: SSYS) have given it a rating of “Hold” as the consensus recommendation for their clients. In addition, the recommendations of three equities research analysts are to hold the stock, while two are to buy the stock. The stock currently has a one-year price objective of $24.80, according to most brokerages that have updated their coverage within the past year.
Recent analyst reports have focused on SSYS and discussed various aspects of the company. William Blair changed their rating on the stock of Stratasys from “underperform” to “market perform” in a research note that was published on November 8th. They explained that the choice was made after conducting an evaluation. In a research note published on November 16th by Craig Hallum, the firm stated that they had lowered their price target for Stratasys shares to $21.00. Credit Suisse Group began following Stratasys plc’s stock on August 16th, when it published a research note announcing the move. Outperform was the rating placed on the stock, and $24.00 was set as the price target. In addition, the price target that Lake Street Capital has set for Stratasys stock has dropped from $28.00 to $26.00, as stated in a research report published on Thursday, September 15th. Last but not least, in a research analysis published on Friday, November 11th, StockNews.com lowered its recommendation for Stratasys from a “buy” rating to a “hold” rating.
Several significant investors have been active in the market recently, buying and selling shares of SSYS. First Horizon Advisors Inc. acquired a new position in Stratasys during the second quarter by paying about $39,000. Captrust Financial Advisors raised its holdings in Stratasys during the second quarter by 315.6%. Following the acquisition of an additional 2,332 shares during the preceding quarter, Captrust Financial Advisors currently has 3,071 stock held by the technology business. The value of these shares is around $58,000. The Banque Cantonale Vaudoise grew its holdings in Stratasys by 22.7% during the third quarter of the fiscal year. Banque Cantonale Vaudoise now fully owns 5,442 shares of the technology firm after making an extra purchase of 1,005 in the most recent quarter. The value of these shares is $79,000. During the third quarter, Gabelli Funds LLC acquired a new stake in Stratasys by paying about 173,000 dollars for such a stake. Finally, Resources Investment Advisors LLC made a new investment in Stratasys during the third quarter by purchasing a new position for about $184,000 in cash.
The NASDAQ: SSYS stock price was $13.54 when trading began on Tuesday. The 52-week low for Stratasys is $12.69, while the 52-week high for the stock is $28.00. The firm’s market capitalization is currently sitting at $766.59 million, its PE ratio is -28.21, and its beta is 1.29. The company’s simple moving average over the past fifty days is $13.96; its simple moving average over the past 200 days is $16.75.
Stratasys Ltd. provides options for 3D printing that are based on polymer networks. It offers different kinds of 3D printing systems for rapid prototyping, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photopolymerization printers. Additionally, it offers design validation, visualization, and communication services.
Read More: Analysts’ consensus recommendation for Stratasys Ltd. (NASDAQ:SSYS) is “Hold.”