The stock of Stratasys, Ltd. (NASDAQ:SSYS) is a huge mover today! About 332,259 shares traded hands. Stratasys, Ltd. (NASDAQ:SSYS) has declined 12.24% since March 11, 2016 and is downtrending. It has underperformed by 17.69% the S&P500.
The move comes after 6 months negative chart setup for the $1.11B company. It was reported on Oct, 14 by Barchart.com. We have $19.03 PT which if reached, will make NASDAQ:SSYS worth $88.80 million less.
Analysts await Stratasys, Ltd. (NASDAQ:SSYS) to report earnings on November, 2. They expect $-0.11 earnings per share, down 120.00% or $0.06 from last year’s $-0.05 per share. After $0.01 actual earnings per share reported by Stratasys, Ltd. for the previous quarter, Wall Street now forecasts -1,200.00% negative EPS growth.
Stratasys, Ltd. (NASDAQ:SSYS) Ratings Coverage
Out of 13 analysts covering Stratasys (NASDAQ:SSYS), 6 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 46% are positive. Stratasys has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. UBS downgraded Stratasys, Ltd. (NASDAQ:SSYS) on Friday, July 31 to “Sell” rating. The rating was upgraded by Piper Jaffray on Friday, July 31 to “Overweight”. UBS maintained it with “Sell” rating and $16.0 target price in Tuesday, January 26 report. The firm has “Outperform” rating by FBR Capital given on Tuesday, May 24. The stock of Stratasys, Ltd. (NASDAQ:SSYS) has “Underweight” rating given on Monday, March 7 by JP Morgan. The firm has “Underperform” rating by Bank of America given on Friday, July 31. Needham maintained it with “Buy” rating and $26 target price in Tuesday, May 10 report. Citigroup downgraded the stock to “Neutral” rating in Friday, April 15 report. JP Morgan downgraded the shares of SSYS in a report on Tuesday, January 26 to “Neutral” rating. The rating was upgraded by Citigroup on Thursday, August 6 to “Buy”.
According to Zacks Investment Research, “Stratasys Ltd. operates as a manufacturer of 3D printers and materials. The company’s systems are used by manufacturers to create models and prototypes to aid in the new product design process. Stratasys offers its products as integrated systems consisting of an RP machine and the software to convert the CAD designs into a machine compatible format, and modeling and support materials. It also manufacturers Solidscape 3D Printers and operates the RedEye On Demand digital manufacturing service. The Company’s products are used in the aerospace, defense, automotive, medical, business and industrial equipment, education, jewellery, architecture, dental, and consumer-products markets. Stratasys Ltd., formerly known as Stratasys, Inc., maintains dual headquarters in Minneapolis, Minn. and Rehovot, Israel.”
Insitutional Activity: The institutional sentiment decreased to 0.76 in Q2 2016. Its down 0.04, from 0.8 in 2016Q1. The ratio fall, as 24 funds sold all Stratasys, Ltd. shares owned while 61 reduced positions. 28 funds bought stakes while 37 increased positions. They now own 31.78 million shares or 10.60% less from 35.55 million shares in 2016Q1.
Concourse Capital Limited Liability Corp owns 27,306 shares or 0.39% of their US portfolio. Jnba Fincl Advsrs has 300 shares for 0% of their US portfolio. Deutsche Bancorp Ag has 0% invested in the company for 45,066 shares. Northern holds 736,107 shares or 0.01% of its portfolio. Invest owns 26,295 shares or 0.71% of their US portfolio. Guggenheim Capital Limited Liability Corp accumulated 0% or 48,374 shares. Adirondack Com owns 15 shares or 0% of their US portfolio. G2 Investment Prtn Ltd Com, a New York-based fund reported 33,700 shares. Moreover, Riverbridge Partners Llc has 0.99% invested in Stratasys, Ltd. (NASDAQ:SSYS) for 2.09 million shares. State Street Corp last reported 0% of its portfolio in the stock. Parkside Fincl Bank And holds 0.01% or 1,131 shares in its portfolio. Dimensional Fund Advisors Lp holds 221,515 shares or 0% of its portfolio. The California-based Reilly Financial Advisors Limited Liability Corporation has invested 0% in Stratasys, Ltd. (NASDAQ:SSYS). Next Fincl Grp Inc has 0% invested in the company for 457 shares. Rhumbline Advisers last reported 53,731 shares in the company.
More important recent Stratasys, Ltd. (NASDAQ:SSYS) news were published by: Fool.com which released: “Better Buy: Stratasys Ltd. vs. ExOne” on October 11, 2016, also Profitconfidential.com published article titled: “Stratasys, Ltd.: This Spells Doom for SSYS Stock Bears”, Investorplace.com published: “A Breakout Looms for Stratasys, Ltd. (SSYS)” on September 29, 2016. More interesting news about Stratasys, Ltd. (NASDAQ:SSYS) was released by: Twst.com and their article: “Stratasys Ltd.: Stratasys Conference Call to Discuss Third Quarter 2016 …” with publication date: October 11, 2016.
SSYS Company Profile
Stratasys Ltd., incorporated on March 3, 1998, is a well-known provider of three dimensional (3D) printing and additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. The Company’s solutions include products ranging from entry-level desktop 3D printers to systems for rapid prototyping (RP) and production systems for direct digital manufacturing (DDM). The Firm also develops, makes and sells materials for use with its systems and provides related services offerings. The Firm offers 3D printing consumable materials, which consists of over 10 Fused Deposition Modeling (FDM) cartridge materials, approximately 20 PolyJet cartridge materials, over five Smooth Curvature Printing (SCP) inkjet materials and approximately 160 non-color digital materials, and over 1,500 color variations, as well as over four SolidScape non-toxic thermoplastic modeling materials. The Company’s services offerings include Stratasys Direct Manufacturing printed parts service, as well as its professional services.
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