Stratasys (NASDAQ:SSYS) Earns Buy Rating from Analysts at began coverage on shares of Stratasys (NASDAQ:SSYSFree Report) in a research report report published on Friday. The firm issued a buy rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. Cantor Fitzgerald reiterated an overweight rating and issued a $23.00 target price on shares of Stratasys in a research report on Thursday, May 30th. Needham & Company LLC decreased their price objective on Stratasys from $16.00 to $12.00 and set a buy rating on the stock in a report on Thursday, May 30th.

Read Our Latest Stock Report on SSYS

Stratasys Stock Performance

SSYS stock opened at $8.42 on Friday. The company has a market capitalization of $586.50 million, a PE ratio of -4.60 and a beta of 1.32. Stratasys has a one year low of $8.38 and a one year high of $21.72. The company’s 50 day moving average price is $9.55 and its two-hundred day moving average price is $11.61.

Institutional Investors Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSYS. RIA Advisory Group LLC bought a new stake in Stratasys in the 4th quarter worth $33,000. Crewe Advisors LLC purchased a new stake in shares of Stratasys during the first quarter worth about $61,000. Larson Financial Group LLC grew its stake in shares of Stratasys by 2,711.2% in the first quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after purchasing an additional 9,218 shares during the last quarter. Aigen Investment Management LP bought a new position in Stratasys during the 3rd quarter valued at approximately $271,000. Finally, Van ECK Associates Corp lifted its holdings in Stratasys by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 20,306 shares of the technology company’s stock worth $276,000 after buying an additional 1,199 shares during the period. 75.77% of the stock is currently owned by institutional investors.

About Stratasys

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Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.

Further Reading

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