Why Should You Put Stratasys Ltd. (NASDAQ: SSYS) On Your Portfolio?


    ARK Investment Management LLC recently announced the acquisition of new stake in Stratasys Ltd. (NASDAQ:SSYS). The institutional investor has increased its shareholding in the Technology company by 15.73% to 9.8 million shares with purchase of 1.33 million shares. This fresh investment now brings its stake to 17.88% valued currently at $155.35 million. In addition, Nikko Asset Management Americas,. raised its holdings by 7452.0 to 5.47 million shares. And BlackRock Fund Advisors has lifted its position by 0.52% or 11996.0 shares – to 2.31 million shares.

    With over 0.86 million Stratasys Ltd. (SSYS) shares trading Monday and a closing price of $15.96 on the day, the dollar volume was approximately $13.73 million. The shares have shown a positive weekly performance of 6.33% and its price on 07/20/20 gained nearly 1.85%. Currently, there are 54.54M common shares owned by the public and among those 51.23M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for SSYS have a consensus price objective of $18.00. The analysts have set the share’s price value over the next 12 months at a high of $22.00 and a low of $15.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Stratasys Ltd. stock is 3.30 for the next 12 months. The average price target is 4.26% above its last price level and an upside to the estimated low will see the stock lose -6.4% over that period. But an upside of 27.45% will see the stock hit the forecast high price target while mean target price for the stock is $17.50.

    Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in Stratasys Ltd. are ARK Innovation ETF, Nikko AM Global Umbrella Fund – A, and PRIMECAP Odyssey Growth Fund. ARK Innovation ETF owns 7.65 million shares of the company’s stock, all valued at over $121.36 million. Nikko AM Global Umbrella Fund – A bought 5.36 million shares to see its total holdings expand to 5.43 million shares valued at over $86.09 million and representing 9.90% of the shares outstanding. PRIMECAP Odyssey Growth Fund sold -0.66 million shares to bring its total holdings to over 4.04 million shares at a value of $64.03 million. PRIMECAP Odyssey Growth Fund now owns shares totaling to 7.37% of the shares outstanding.

    Shares of Stratasys Ltd. (NASDAQ: SSYS) opened at $15.70, up $0.03 from a prior closing price of $15.67. However, the script later closed the day at $15.96, up 1.85%. The company’s stock has a 5-day price change of 6.33% and -6.72% over the past three months. SSYS shares are trading -21.09% year to date (YTD), with the 12-month market performance down to -43.90% lower. It has a 12-month low price of $12.18 and touched a high of $29.45 over the same period. Currently, 0.86 million shares have been traded, compared to an average intraday trading volume of 1.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.22%, -5.32%, and -12.15% respectively.

    Institutional ownership of Stratasys Ltd. (NASDAQ: SSYS) shares accounts for 80.50% of the company’s 54.54M shares outstanding. Mutual fund holders own 25.08%, while other institutional holders and individual stakeholders account for 54.11% and — respectively.

    It has a market capitalization of $851.15M and a beta (3y monthly) value of 1.54. The earnings-per-share (ttm) stands at -$0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.76% over the week and 4.48% over the month.

    Analysts forecast that Stratasys Ltd. (SSYS) will achieve an EPS of -$0.2 for the current quarter, -$0.03 for the next quarter and $0.31 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.29 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 2.00%, and 188.60% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 39.10% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Stratasys Ltd. (SSYS) as a “Hold” at a consensus score of 3.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 4 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the SSYS, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on June 02, 2020, with the firm’s price target at. JP Morgan coverage for the Stratasys Ltd. (SSYS) stock in a research note released on May 21, 2020 offered a Neutral rating with a price target of $19. Piper Jaffray was of a view on January 29, 2019 that the stock is Overweight, while B. Riley FBR Inc. gave the stock Neutral rating on November 01, 2017, issuing a price target of $33- $30. Susquehanna on their part issued Positive rating on October 20, 2017.


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