Needham Reaffirms Their Hold Rating on Stratasys (SSYS)
Needham analyst James Ricchiuti maintained a Hold rating on Stratasys (SSYS) today. The company’s shares closed last Wednesday at $15.90.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 15.5% and a 63.0% 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 Moderate Buy with an average price target of $19.67, representing a 24.5% upside. In a report released today, Craig-Hallum also maintained a Hold rating on the stock with a $18.00 price target.
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Based on Stratasys’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $133 million and GAAP net loss of $21.7 million. In comparison, last year the company earned revenue of $155 million and had a GAAP net loss of $2.27 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.