Stratasys, Ltd. (NASDAQ: SSYS) announced the appointment of Lilach Payorski, currently Stratasys’ Senior Vice President of Corporate Finance, to Chief Financial Officer, effective January 1, 2017, succeeding Erez Simha in this role. Following 5 years of service, Mr. Simha, CFO & COO of Stratasys, has recently informed the Company of his desire to step down as of year-end. Mr. Simha will remain with the Company to provide operational and financial support to Management as required.
Payorski joined Stratasys in December 2012. Bringing over 20 years of finance experience, Payorksi has served in various finance leadership roles over the past 10 years, in positions at PMC Sierra, CheckPoint Software Technologies and Wind River Systems. Earlier in her career, she served as a CPA with Ernst & Young LLP both in Israel and later in Palo Alto, CA. Payorski holds a B.A. in Accounting and Economics from Tel Aviv University.
“I am very pleased that we have a strong internal successor in Lilach Payorski” said Ilan Levin, Chief Executive Officer of Stratasys. “As SVP of Corporate Finance, she has proven to be a key leader within Stratasys and has the full confidence of me and the board of directors in assuming the role of CFO. I am confident in the finance organization’s ability to smoothly manage through this leadership transition.”
“During his 5 year tenure, Erez has made very significant contributions to the company, first in his role as chief financial officer and then broadening his role to include operations as well,” added Levin. “During that time, he has built a strong infrastructure in both finance and operations, and helped the company evolve its capital structure and capital allocation approach to support our objectives. I thank him for his years of service to the company.” (Original Source)
Shares of Stratasys closed last Friday at $17.89. SSYS has a 1-year high of $30.46 and a 1-year low of $14.48. The stock’s 50-day moving average is $18.93 and its 200-day moving average is $20.93.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on December 15, Brean Murray Carret analyst Ananda Baruah maintained a Hold rating on SSYS. Separately, on November 16, Jefferies Co.’s James Kisner reiterated a Buy rating on the stock and has a price target of $25.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ananda Baruah and James Kisner have a yearly average return of 4.1% and 6.1% respectively. Baruah has a success rate of 57% and is ranked #577 out of 4290 analysts, while Kisner has a success rate of 59% and is ranked #566.
Overall, 2 research analysts have rated the stock with a Sell rating, 5 research analysts have assigned a Hold rating and 3 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $21.43 which is 19.8% above where the stock closed last Friday.
Stratasys Ltd. engages in the provision of additive manufacturing solutions for the production of parts used in the process of designing and manufacturing products for the manufacturer of end parts. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing. It also develops, manufactures and sells materials for use with its systems and provides related service offerings to its customers.