Stratasys (NASDAQ:SSYS) shares are up 8.15% premarket following Q3 results that beat on EPS, missed revenue, but featured an upside guidance. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Royce & Associates LP boosted its stake in Stratasys by 5.4% during the third quarter. Creative Planning now owns 8,222 shares of the company's stock valued at $188,000 after buying an additional 4,305 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Stratasys by 20.9% during the third quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Stratasys by 28.5% in the second quarter. Out of 3 Wall Street analysts rating Dillard's, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Finally, Boothbay Fund Management LLC purchased a new stake in shares of Stratasys during the first quarter worth approximately $415,000. Hedge funds and other institutional investors own 62.34% of the company's stock.
Shares of Stratasys Ltd. (NASDAQ:SSYS) traded down 0.26% during midday trading on Monday, hitting $18.95. The stock's average target of $57.50 is 6.92% above today's ($53.78) share price. The company has market cap of $1.56 billion.
A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. The original version of this report can be read at https://www.truebluetribune.com/2017/11/14/keycorp-reiterates-hold-rating-for-stratasys-ltd-ssys.html.
Stratasys reported revenue of $155.9 million, down 1% from the year-ago period and missing the consensus estimate of $162 million. Commonwealth Equity Services Incorporated holds 0% of its portfolio in Stratasys, Ltd. (NASDAQ:SSYS) for 12,253 shares. For the current year the company's revenue estimates are $669.25 Million compared to low analyst estimates of $662.6 Million and high estimates of $678 Million according to the prediction of 17 analysts.
They expect $-0.04 EPS, up 100% or $0.04 from last year's $-0.08 per share.
Several analysts recently weighed in on SSYS shares. The stock of Stratasys, Ltd. (NASDAQ:SSYS) has "Neutral" rating given on Friday, April 15 by Citigroup. FBR & Co reaffirmed an "outperform" rating and issued a $29.00 target price on shares of Stratasys in a research report on Monday, October 17th. Susquehanna initiated the shares of SSYS in report on Thursday, July 13 with "Hold" rating. Finally, Zacks Investment Research lowered Stratasys from a "buy" rating to a "hold" rating in a report on Thursday, September 21st.