In today’s session Stratasys, Ltd. (SSYS) recorded an unusually high (217) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious SSYS decrease. With 217 contracts traded and 38044 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: SSYS161021P00022500 closed last at: $0.65 or 44.4% up. About 261,137 shares traded hands. Stratasys, Ltd. (NASDAQ:SSYS) has declined 4.62% since March 8, 2016 and is downtrending. It has underperformed by 13.94% the S&P500.
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. $50 is the highest target while $16.0 is the lowest. The $29.60 average target is 28.14% above today’s ($23.1) stock price. Stratasys has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. UBS maintained Stratasys, Ltd. (NASDAQ:SSYS) on Friday, October 23 with “Sell” rating. The firm earned “Underweight” rating on Monday, March 7 by JP Morgan. The firm has “Outperform” rating by Oppenheimer given on Tuesday, October 27. As per Monday, November 9, the company rating was downgraded by Deutsche Bank. On Monday, July 18 the stock rating was downgraded by Piper Jaffray to “Neutral”. The rating was upgraded by JP Morgan on Tuesday, August 4 to “Overweight”. Piper Jaffray upgraded it to “Overweight” rating and $39 target price in Friday, July 31 report. The rating was downgraded by JP Morgan on Tuesday, January 26 to “Neutral”. UBS downgraded the shares of SSYS in a report on Friday, July 31 to “Sell” rating. The stock has “Buy” rating given by Needham on Tuesday, May 10.
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 dived, 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.
New York State Common Retirement Fund owns 50,200 shares or 0% of their US portfolio. Northern Tru last reported 0.01% of its portfolio in the stock. Scout Incorporated owns 69,220 shares or 0.04% of their US portfolio. Blair William & Il holds 0% or 10,547 shares in its portfolio. Wellington Mngmt Llp has invested 0.01% of its portfolio in Stratasys, Ltd. (NASDAQ:SSYS). North Star Investment Mngmt Corporation reported 40 shares or 0% of all its holdings. Fifth Third National Bank & Trust accumulated 0% or 1,837 shares. Tocqueville Asset Limited Partnership accumulated 0.03% or 100,356 shares. Schroder Mngmt holds 0% of its portfolio in Stratasys, Ltd. (NASDAQ:SSYS) for 100 shares. Next Fincl Group has 0% invested in the company for 457 shares. Trexquant Inv Limited Partnership holds 0.07% of its portfolio in Stratasys, Ltd. (NASDAQ:SSYS) for 22,496 shares. Sg Americas reported 75,610 shares or 0.01% of all its holdings. Glenmede Co Na owns 2,655 shares or 0% of their US portfolio. Moreover, Bnp Paribas Arbitrage has 0.01% invested in Stratasys, Ltd. (NASDAQ:SSYS) for 81,990 shares. Royal Bancorp Of Canada accumulated 0% or 62,122 shares.
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.
More notable 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 with their article: “Stratasys, Ltd.: This Spells Doom for SSYS Stock Bears” published on October 07, 2016, Fool.com published: “The 3 Biggest Challenges Facing Stratasys, Ltd.” on August 27, 2016. More interesting news about Stratasys, Ltd. (NASDAQ:SSYS) were released by: Fool.com and their article: “Stratasys Ltd. Downgraded on Renewed Demand Concerns” published on July 18, 2016 as well as Investorplace.com‘s news article titled: “A Breakout Looms for Stratasys, Ltd. (SSYS)” with publication date: September 29, 2016.
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