Stratasys (NASDAQ:SSYS) Upgrade

In analysts note made public on Tuesday, 18 April, Piper Jaffray stated it was upgrading Stratasys (NASDAQ:SSYS) stock from a “Neutral” to a “Overweight”.

This rating upgrade is welcomed by stock speculators, as NASDAQ:SSYS is now trading 1.43% higher at $21.30 as of 2:05 AM New York time. Stratasys shares have [From2] 0% in the last 200 days, while the Standard & Poor’s 500 index has increased 13.44% for the same time.

Out of 13 brokers covering Stratasys, 6 rate it a Buy, 11 indicate a Hold while 3 suggest a Sell. The highest target is $32 and the lowest is $19 according to Thomson/First Call. The 12-month mean target is $24.46, which means upside potential of 14.84% over the current price.

Institutional Ownership

Lapides Asset Management Llc had the most significant stake with ownership of 598,400 shares as of Q2 2015 for 2.45% of the fund portfolio. David R. Rahn & Associates Inc. is another very bullish fund who is possessing 117,197 shares of Stratasys or 2.17% of their fund portfolio. Also, Riverbridge Partners Llc have 0.99% of their fund portfolio invested in the company for 2.06 million shares. The Indiana-based fund Trust Investment Advisors revealed it had purchased so far a stake worth about 0.7% of the fund’s stock portfolio in Stratasys. The Massachusetts-based fund Weatherbie Capital Llc is also positive about the stock, possessing 25,695 shares or 0.63% of their fund portfolio.

Stratasys (NASDAQ:SSYS) traded up 1.43% on 18 April, hitting $21.3. A total of 435,232 shares of the company’s stock traded hands. This is down from average of 674,868 shares. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.46. The company has a market cap of $1.11 billion and a P/E ratio of 0.

Get the latest Stratasys (NASDAQ:SSYS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Will Piper Jaffray Upgrade to “Overweight” from “Neutral” Be a Tailwind For Stratasys (NASDAQ:SSYS) Stock Today? appeared first on Octafinance.