Stratasys Ltd. (NASDAQ:SSYS) Receives New Coverage from StockNews.com Analysts

On November 11th, 2023, StockNews.com analysts initiated coverage on shares of Stratasys Ltd. SSYS, a prominent company in the 3D printing sector headquartered in Eden Prairie, Minnesota. In their report released on Saturday, the brokerage has given a 'buy' rating to the technology company, signaling a positive outlook on the stock’s performance.

Analyst Ratings and Price Adjustments

Previously, in a separate assessment, Needham & Company LLC adjusted their price target for Stratasys, reducing it from $19.00 to $17.00, yet still maintaining a 'buy' recommendation for the company. This suggests continued confidence among analysts in the growth potential of Stratasys despite price target changes.

Stratasys Price Performance Metrics

Shares of Stratasys stock opened at $10.55, with the company experiencing a 52-week low of $9.95 and reaching a high of $21.72 within the same period. Currently, Stratasys holds a market capitalization of roughly $721.62 million and showcases a 50-day moving average price of $11.99 against a 200-day moving average price of $14.86.

Recent Earnings Overview

In the latest quarterly report released on August 9th, Stratasys surpassed earnings expectations. The company reported an earnings per share (EPS) of -$0.08, which was $0.05 higher than the consensus estimate of -$0.13. However, the firm also exhibited a negative return on equity of 2.02% and a net margin of -7.05%. With a revenue of $159.75 million for the quarter, Stratasys surpassed the expected $153.24 million. Analysts are anticipating Stratasys to post an EPS of -$0.25 for the current fiscal year.

Institutional Investment Dynamics

A number of institutional investors have modified their holdings in Stratasys. Neuberger Berman Group LLC increased its shares in Stratasys by 34.8%, now owning 3,883,301 shares valued at $64,112,000. Other significant institutional trades include Migdal Insurance & Financial Holdings Ltd., Norges Bank, Anson Funds Management LP, and Wellington Management Group LLP, contributing to the 72.65% institutional ownership of Stratasys stock.

About Stratasys Ltd.

Stratasys Ltd. stands out as a provider of connected polymer-based 3D printing solutions, offering an array of products including polyjet printers, Fused Deposition Modeling (FDM) printers, stereolithography systems, origin P3 printers, and SAF printers. The company caters to sectors like manufacturing, aerospace, automotive, healthcare, and consumer products with its cutting-edge technologies.

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