The Stratasys, Ltd. (SSYS) Downgraded to “Underperform” at William Blair

The Stratasys, Ltd. (SSYS) Downgraded to “Underperform” at William Blair

Several other equities analysts also recently commented on SSYS. Zacks Investment Research downgraded Stratasys from a hold rating to a sell rating in a research report on Monday, January 16th. Vetr downgraded Stratasys from a buy rating to a hold rating and set a $21.43 price objective for the company. in a research report on Thursday, February 9th. Citigroup Inc restated a hold rating on shares of Stratasys in a research report on Thursday, March 9th. FBR & Co restated a buy rating and set a $24.00 price objective on shares of Stratasys in a research report on Friday, March 10th. Finally, Needham & Company LLC restated a buy rating and set a $20.00 price objective (down from $21.00) on shares of Stratasys in a research report on Saturday, March 11th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $23.93.

William Blair downgraded shares of Stratasys, Ltd. (NASDAQ:SSYS) from a market perform rating to an underperform rating in a research report report published on Monday, May 15th.

Stratasys (SSYS) opened at 27.77 on Monday. Stratasys has a 12 month low of $16.37 and a 12 month high of $30.88. The company has a 50-day moving average of $26.75 and a 200-day moving average of $21.26. The company’s market cap is $1.46 billion. Stratasys (NASDAQ:SSYS) last posted its earnings results on Tuesday, May 16th. The technology company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $163.20 million during 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 business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. Analysts predict that Stratasys will post $0.28 EPS for the current year.

Stratasys (SSYS) opened at 27.77 on Monday. Stratasys has a 12 month low of $16.37 and a 12 month high of $30.88. The company has a 50-day moving average of $26.75 and a 200-day moving average of $21.26. The company’s market cap is $1.46 billion. Several hedge funds have recently added to or reduced their stakes in the stock. Primecap Management Co. CA raised its stake in Stratasys by 25.6% in the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock worth $128,903,000 after buying an additional 1,281,000 shares during the last quarter. Arrowpoint Asset Management LLC raised its stake in Stratasys by 41.0% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,990,541 shares of the technology company’s stock worth $32,924,000 after buying an additional 578,502 shares during the last quarter. Riverbridge Partners LLC raised its stake in Stratasys by 3.3% in the first quarter. Riverbridge Partners LLC now owns 1,845,424 shares of the technology company’s stock worth $37,813,000 after buying an additional 59,249 shares during the last quarter. Mairs & Power INC raised its stake in Stratasys by 2.9% in the third quarter. Mairs & Power INC now owns 1,296,563 shares of the technology company’s stock worth $31,234,000 after buying an additional 36,080 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Stratasys by 6.0% in the third quarter. BlackRock Fund Advisors now owns 1,231,362 shares of the technology company’s stock worth $29,664,000 after buying an additional 70,115 shares during the last quarter. Institutional investors own 59.25% of the company’s stock.

About Stratasys Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SSYS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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