Stratasys (NASDAQ:SSYS) Rating Reaffirmed
Recently, In a comprehensive report published on Friday, 11 December, Stratasys (NASDAQ:SSYS) shares have had their Outperform Rating has decided to restate by investment analysts at Oppenheimer, who currently has a $38.0 target price on company. This target by Oppenheimer may suggest the possibile upside of 48.55% from the last close price.
From a total of 17 analysts covering Stratasys (NASDAQ:SSYS) stock, 9 rate it a ”Buy”, 3 a “Sell”, and 12 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $42 while the lowest target price is $18. The mean of all analyst targets is $28.82 with a 37.71% above today’s ($24.69) stock price. Stratasys was the topic of 16 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank downgraded shares on November 9 to “Hold” rating. Piper Jaffray upgraded shares to “Overweight” rating and $39 target share price in a report from a July 31. UBS maintained SSYS stock in a recent report from October 23 with “Sell” rating. Canaccord Genuity maintained the rating on July 29. Canaccord Genuity has a “Hold” rating and a $35 price target on shares. Finally, Bank of America downgraded the stock to “Underperform” rating in a report issued on a July 31.
Approximately 172,903 shares of stock traded hands. Stratasys, Ltd. (NASDAQ:SSYS) has declined 27.60% since May 8, 2015 and is downtrending. It has underperformed by 24.58% the S&P500.
The overall sentiment of institutions has is 0.93 in Q2 2015. Its the same as in 2015Q2. The ratio is flat, as 53 institutions have sold all the shares of Stratasys, Ltd. that they owned while 53 funds have taken shares off the table. only 27 funds have purchased shares for the first time while 72 added to their positions. These institutions now hold 41.27 million shares or 7.05% more than the 38.56 million shares they owned in 2015Q2.
The Fund Destrier Capital Management Llc currently is holding shares equating to 8.4% of its total portfolio in Stratasys, Ltd. representing a total of 1.08 million shares. Another fund,Rre Ventures Gp Iii Llc, is holding a total of 125,327 shares equating to 3.68% of their holdings. Additionally, Valicenti Advisory Services Inc has a 80,390 share stake in Stratasys, Ltd. which represents 1.41% of their total portfolio. The Fund, Capital Investment Services Of America Inc., based out of Wisconsin, has also built up a stake in the stock, which represents a total of 1.28% of their total portfolio. Finally Riverbridge Partners Llc, a fund which is based in the state of Minnesota reported a total holdings of 2.24 million shares.
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.” Get a free copy of the Zacks research report on Stratasys, Ltd. (SSYS).