Stratasys, Ltd. (SSYS) Given “Hold” Rating at Jefferies Group LLC

Stratasys, Ltd. (NASDAQ:SSYS)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a report released on Friday. They presently have a $30.00 target price on the technology company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 27.66% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Loop Capital assumed coverage on shares of Stratasys in a report on Monday, July 24th. They set a “hold” rating and a $24.00 price objective on the stock. Susquehanna Bancshares Inc assumed coverage on shares of Stratasys in a report on Thursday, July 13th. They set a “neutral” rating and a $22.00 price objective on the stock. FBR & Co reaffirmed an “outperform” rating and set a $33.00 price objective (up from $24.00) on shares of Stratasys in a report on Wednesday, May 17th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Stratasys from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a report on Monday, June 26th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.68.

Shares of Stratasys (SSYS) opened at 23.50 on Friday. The stock’s market cap is $1.24 billion. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.88. The firm has a 50-day moving average of $24.73 and a 200 day moving average of $23.24.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The business had revenue of $163.20 million for the quarter, compared to the consensus estimate of $162.38 million. Stratasys had a negative net margin of 10.17% and a negative return on equity of 0.03%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. On average, equities analysts forecast that Stratasys will post $0.28 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position in shares of Stratasys by 0.7% in the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock worth $254,000 after buying an additional 77 shares during the period. IFP Advisors Inc increased its position in shares of Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock worth $143,000 after buying an additional 225 shares in the last quarter. Rhumbline Advisers increased its position in shares of Stratasys by 1.6% in the second quarter. Rhumbline Advisers now owns 57,006 shares of the technology company’s stock worth $1,329,000 after buying an additional 889 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Stratasys by 1.5% in the first quarter. Teachers Advisors LLC now owns 82,995 shares of the technology company’s stock worth $1,701,000 after buying an additional 1,208 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Stratasys by 3.7% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 40,857 shares of the technology company’s stock worth $837,000 after buying an additional 1,446 shares in the last quarter. Hedge funds and other institutional investors own 66.40% 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.