Needham Maintains a Hold Rating on Stratasys (SSYS)

In a report released today, James Ricchiuti from Needham maintained a Hold rating on Stratasys (SSYS). The company’s shares closed last Thursday at $15.03, close to its 52-week low of $12.18.

According to, Ricchiuti is a 5-star analyst with an average return of 12.6% and a 58.7% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.

Currently, the analyst consensus on Stratasys is a Hold with an average price target of $19.00.

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Based on Stratasys’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $160 million and GAAP net loss of $2.79 million. In comparison, last year the company earned revenue of $177 million and had a net profit of $7.24 million.

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Stratasys Ltd. engages in the provision of applied additive technology solutions for industries including aerospace, automotive, healthcare, consumer products and education. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing. The company also develops, manufactures and sells materials for use with its systems and provides related service offerings to its customers. Stratasys was founded on March 3, 1998 and is headquartered in Eden Prairie, MN.

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