Stratasys Ltd. (NASDAQ:SSYS – Get Rating) shares reached a new 52-week low on Thursday after Lake Street Capital lowered their price target on the stock from $28.00 to $26.00. The stock traded as low as $15.80 and last traded at $15.83, with a volume of 7637 shares. The stock had previously closed at $16.27.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group began coverage on shares of Stratasys in a report on Tuesday, August 16th. They issued an “outperform” rating and a $24.00 price target for the company. TheStreet cut shares of Stratasys from a “c-” rating to a “d+” rating in a report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Stratasys has a consensus rating of “Hold” and an average price target of $29.67.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in shares of Stratasys during the second quarter valued at about $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’s stock worth $58,000 after acquiring an additional 2,332 shares during the period. KRS Capital Management LLC bought a new stake in Stratasys in the fourth quarter worth about $105,000. Banque Cantonale Vaudoise raised its position in Stratasys by 55.9% in the first quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,500 shares during the period. Finally, Vienna Asset Management LLC bought a new stake in Stratasys in the fourth quarter worth about $147,000.
Stratasys Stock Down 3.0 %
The firm has a market cap of $894.03 million, a P/E ratio of -15.64 and a beta of 1.32. The firm’s 50-day simple moving average is $18.48 and its 200 day simple moving average is $20.03.
Stratasys Company Profile
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication.
