Stratasys (NASDAQ:SSYS) Rating Reconfirmed

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 downside potential of 18.28% over the current price.

Institutional Ownership

Lapides Asset Management Llc had the biggest stake with ownership of 598,400 shares as of Q2 2015 for 2.45% of the US long stock exposure. David R. Rahn & Associates Inc. is another notably bullish investment manager who is owning 117,197 shares of Stratasys or 2.17% of their US long stock exposure. Also, Riverbridge Partners Llc have 0.99% of their US long stock exposure invested in the company for 2.06M shares. The Indiana-based fund Trust Investment Advisors disclosed it had acquired a stake worth about 0.7% of the investment manager’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 US long stock exposure.

Stratasys (NASDAQ:SSYS) closed at $29.93 yesterday. A total of 29,967 shares of the company’s stock traded hands. This is down from average of 950,443 shares. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.75. The company has a market cap of $1.58 billion and a P/E ratio of 0.

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The post Stratasys (NASDAQ:SSYS) Outperform Rating Reconfirmed at FBR & Co.; The Price Objective is $33.0 appeared first on Octafinance.