Stratasys, Ltd. (NASDAQ:SSYS), the 3D printing and additive manufacturing solutions company, named IBM veteran Tim Bohling as its Chief Marketing Officer. Bohling joins the company’s leadership team and will lead Stratasys worldwide marketing strategies to drive growth and deliver on the company’s value promise to its customers.
A proven influencer with more than 20 years of international marketing expertise, Bohling has helped organizations make and shape markets and transition from being product oriented companies to integrated solutions focused companies. He has developed tested methodologies across an array of disciplines – from branding, digital marketing and end-to-end demand generation to market insight and go-to-market client engagement. He additionally engineered highly successful best-practices in portfolio management, seller enablement and communications.
“Tim is a transformational market leader whose experience fits perfectly into our long-term strategy. A respected voice in the IT industry with a strong track-record, Tim will play a critical role as we accelerate Stratasys’ position as the driving force and dominant player in 3D printing,” saidJoshua Claman, Chief Business Officer, Stratasys.
Prior to Stratasys, Bohling served as Vice President and Head of North America Marketing at HCL Technologies – one of the industry’s leading IT global service providers. At HCL, he was charged with both formulation and execution of a marketing strategy designed to strengthen existing client relationships, fuel new signings, and elevate the HCL brand. Bohling also spent more than 10 years at industry giant IBM, engineering successful digital marketing and demand generation efforts as Vice President of Worldwide Performance Marketing at IBM Global Technology Services and as Vice President of Marketing at IBM Global Technology Services, Growth Markets.
“Stratasys has been at the forefront of the 3D printing industry since its inception and I believe has tremendous future growth potential,” Bohling said. “This is an exciting time to be in the market, and I look forward to helping elevate the Stratasys brand to even greater heights and contributing to the company’s growth and market leadership.”
A frequent guest speaker at industry conferences, Bohling’s research is widely published in such scholarly journals as Marketing Science, the Journal of Marketing Research, the Journal of Service Research, and Service Science. He received an Executive Doctorate in Business from Georgia State University – as well as an MBA and BBA from the University of Houston. (Original Source)
Shares of Stratasys closed yesterday at $22.33, up $0.25 or 1.13%. SSYS has a 1-year high of $39.45 and a 1-year low of $14.48. The stock’s 50-day moving average is $23.92 and its 200-day moving average is $22.58.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on May 24, FBR analyst Ajay Kejriwal initiated coverage with a Buy rating on SSYS and a price target of $29, which implies an upside of 29.9% from current levels. Separately, on May 10, Needham’s James Ricchiuti reiterated a Buy rating on the stock and has a price target of $26.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ajay Kejriwal and James Ricchiuti have a total average return of 1.9% and 4.2% respectively. Kejriwal has a success rate of 58.0% and is ranked #1470 out of 3869 analysts, while Ricchiuti has a success rate of 54.1% and is ranked #555.
Overall, 3 research analysts have rated the stock with a Sell rating, 3 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 $26.25 which is 17.6% above where the stock closed yesterday.