The stock of Stratasys, Ltd. (NASDAQ:SSYS) is a huge mover today! About 5.64M shares traded hands or 587.86% up from the average. Stratasys, Ltd. (NASDAQ:SSYS) has declined 26.02% since April 13, 2016 and is downtrending. It has underperformed by 29.95% the S&P500.
The move comes after 8 months negative chart setup for the $1.07B company. It was reported on Nov, 15 by Barchart.com. We have $16.04 PT which if reached, will make NASDAQ:SSYS worth $64.20M less.
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. As per Tuesday, January 26, the company rating was downgraded by JP Morgan. The stock has “Buy” rating given by Citigroup on Thursday, August 6. The stock of Stratasys, Ltd. (NASDAQ:SSYS) has “Hold” rating given on Monday, November 9 by Deutsche Bank. The firm earned “Neutral” rating on Monday, July 18 by Piper Jaffray. The stock of Stratasys, Ltd. (NASDAQ:SSYS) has “Buy” rating given on Tuesday, May 10 by Needham. UBS maintained Stratasys, Ltd. (NASDAQ:SSYS) on Friday, October 23 with “Sell” rating. On Monday, March 7 the stock rating was downgraded by JP Morgan to “Underweight”. The stock has “Buy” rating given by Needham on Friday, October 23. Oppenheimer maintained Stratasys, Ltd. (NASDAQ:SSYS) rating on Friday, December 11. Oppenheimer has “Outperform” rating and $38 price target. The firm earned “Outperform” rating on Tuesday, October 27 by Oppenheimer.
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 2016 Q2. 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.
Invesco has invested 0% of its portfolio in Stratasys, Ltd. (NASDAQ:SSYS). Weatherbie Limited Co holds 0.37% or 114,838 shares in its portfolio. Oppenheimer And reported 13,689 shares or 0.01% of all its holdings. American Century Companies has 0% invested in the company for 128,197 shares. Rhumbline Advisers accumulated 53,731 shares or 0% of the stock. Paloma Ptnrs Mngmt holds 0% of its portfolio in Stratasys, Ltd. (NASDAQ:SSYS) for 19,813 shares. State Street accumulated 0% or 790,030 shares. Barclays Public Ltd Co accumulated 0% or 73,997 shares. Kcg, a New Jersey-based fund reported 11,342 shares. Citigroup accumulated 53,418 shares or 0% of the stock. Schwab Charles Investment Management Inc last reported 77,206 shares in the company. G2 Inv Partners Limited Liability Corporation has 0.36% invested in the company for 33,700 shares. Morgan Stanley accumulated 375,990 shares or 0% of the stock. Hightower Ltd Limited Liability Company holds 61,430 shares or 0.02% of its portfolio. The Missouri-based Scout has invested 0.04% in Stratasys, Ltd. (NASDAQ:SSYS).
More important recent Stratasys, Ltd. (NASDAQ:SSYS) news were published by: Fool.com which released: “Why Shares of Stratasys, Ltd. Dropped 17% Today” on November 15, 2016, also Valuewalk.com published article titled: “Mobileye NV Rises On Earnings, Stratasys, Ltd. Tumbles On Wide Miss”, Fool.com published: “Better Buy: Stratasys Ltd. vs. ExOne” on October 11, 2016. More interesting news about Stratasys, Ltd. (NASDAQ:SSYS) was released by: Plasticsnews.com and their article: “Stratasys prompting possibilities past prototypes” with publication date: October 22, 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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