Stratasys (NASDAQ: SSYS – Get a rating) had its price target reduced by Craig Hallum to $23.00 in a note issued to investors on Thursday, Target Stock Advisor reports. Craig Hallum’s price target indicates a potential upside of 63.00% from the stock’s previous close.
A number of other analysts have also recently commented on SSYS. Credit Suisse Group launched coverage on Stratasys in a research report on Tuesday, August 16. They issued an “outperform” rating and a price target of $24.00 for the company. Lake Street Capital reduced its price target on Stratasys from $28.00 to $26.00 in a Thursday, September 15 research report. Finally, TheStreet downgraded Stratasys from a “c-” rating to a “d+” rating in a Tuesday, July 5 research report. One stock research analyst rated the stock with a sell rating, three gave the company’s stock a hold rating and three gave the company’s stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.83.
Stratasys is trading down 4.4%
SSYS lost $0.65 in Thursday’s midday session, hitting $14.11. The company’s shares had a trading volume of 18,360 shares, compared to an average volume of 513,853. The company has a fifty-day simple moving average of $17.82 and a 200-day simple moving average of 19.44 $. Stratasys has a 12-month low of $13.97 and a 12-month high of $42.83. The stock has a market capitalization of $798.91 million, a P/E ratio of -13.59 and a beta of 1.32.
Hedge funds weigh on Stratasys
Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in Stratasys in Q2 worth $39,000. Captrust Financial Advisors raised its position in Stratasys by 315.6% in the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company valued at $58,000 after buying 2,332 additional shares in the last quarter. Banque Cantonale Vaudoise increased its position in Stratasys by 55.9% in the first quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the tech company valued at $106,000 after buying an additional 1,500 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in Stratasys in Q1 worth $207,000. Finally, Raymond James & Associates bought a new position in Stratasys in Q4 worth $202,000.
Stratasys Ltd. provides connected 3D printing solutions based on polymers. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems and programmable light-curing printers for rapid prototyping, such as design validation, visualization and communication.
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