Stock Update (NASDAQ:SSYS): GoEngineer Named Number One Reseller Worldwide for Stratasys, Ltd. 3D Printers in 2014

Stratasys, Ltd. (NASDAQ:SSYS), a global leader of 3D printing and additive manufacturing solutions, has recognized GoEngineer as the number one reseller of Stratasys 3D Printers worldwide for 2014.

“GoEngineer is honored to receive the Top Reseller award by Stratasys. From the beginning of our partnership, the Stratasys 3D product portfolio has allowed us to help our customers reduce cost, risk and the time it takes to bring to market new technologies and ultimately new product introductions,” said Brad Hansen, CEO of GoEngineer. “Combining the Stratasysadditive manufacturing tools with our SolidWorks solutions has enabled GoEngineer to leverage our expertise in both 3D printing and 3D CAD software in a unique way that provides a real competitive advantage for our customers.”

GoEngineer’s growth and success has continued with a strong focus on design and manufacturing applications, and has allowed them to help customers streamline many of their related processes. Recently, GoEngineer sponsored the TV series “TITAN – American Built” which inspires and shapes the manufacturing industry by bringing production back to the U.S.

“As our top global reseller, GoEngineer is an inspiration, and has set a precedent for understanding organizational requirements and the available technology to ensure success for their customer base,” says Gilad Gans, President, Stratasys North America. “Their dedicated team of sales and application engineering 3D experts in additive and design tools coupled with their investment in hiring expert talent, professional marketing and overall business approach strongly positions them for long-term growth and success. GoEngineer is truly an invaluable partner for Stratasys.”

“We are just scratching the surface of what is possible and we are continuously learning from our customers that the demand for new and innovative ways to apply these technologies will accelerate the enormous opportunity for GoEngineer and for Stratasys for years to come,” added Hansen. (Original Source)

Shares of Stratasys opened today at $36.19 and are currently trading down at $35.92. SSYS has a 1-year high of $130.83 and a 1-year low of $33.85. The stock’s 50-day moving average is $45.37 and its 200-day moving average is $67.94.

On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on May 21, Oppenheimer analyst Holden Lewis upgraded SSYS to Buy, with a price target of $50, which implies an upside of 38.2% from current levels. Separately, on May 12, Brean Murray Carret’s Ananda Baruah maintained a Hold rating on the stock .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Holden Lewis and Ananda Baruah have a total average return of -15.4% and 0.5% respectively. Lewis has a success rate of 22.2% and is ranked #3516 out of 3608 analysts, while Baruah has a success rate of 51.8% and is ranked #2099.

The street is mostly Neutral on SSYS stock. Out of 11 analysts who cover the stock, 6 suggest a Hold rating and 5 recommend to Buy the stock. The 12-month average price target assigned to the stock is $50.33, which implies an upside of 39.1% from current levels.

Stratasys Ltd provides additive manufacturing solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. It offers 3D printers and 3D production systems.

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