Stratasys, Ltd. (NASDAQ:SSYS)‘s stock had its “buy” rating reaffirmed by equities research analysts at FBR & Co in a research report issued to clients and investors on Wednesday.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Stratasys from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, July 12th. Jefferies Group LLC downgraded shares of Stratasys from a “buy” rating to a “hold” rating and boosted their target price for the company from $24.00 to $30.00 in a research note on Thursday, May 18th. Needham & Company LLC downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Cowen and Company reissued a “market perform” rating and set a $27.00 target price (up from $18.00) on shares of Stratasys in a research note on Wednesday, May 17th. Finally, Susquehanna Bancshares Inc started coverage on shares of Stratasys in a research note on Thursday, July 13th. They set a “neutral” rating and a $22.00 target price on the stock. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $23.65.

Stratasys (NASDAQ SSYS) traded up 1.05% during trading on Wednesday, reaching $24.01. The company’s stock had a trading volume of 379,948 shares. The firm has a 50-day moving average price of $25.60 and a 200-day moving average price of $22.84. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.88. The firm’s market capitalization is $1.27 billion.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The company had revenue of $163.20 million during the quarter, compared to the consensus estimate of $162.38 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Stratasys will post $0.28 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its position in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock valued at $143,000 after buying an additional 225 shares during the last quarter. Penserra Capital Management LLC increased its position in Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock valued at $153,000 after buying an additional 3,204 shares during the last quarter. Stifel Financial Corp increased its position in Stratasys by 0.7% in the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock valued at $254,000 after buying an additional 77 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Stratasys during the first quarter valued at approximately $454,000. Finally, Highbridge Capital Management LLC increased its position in Stratasys by 65.3% in the fourth quarter. Highbridge Capital Management LLC now owns 25,010 shares of the technology company’s stock valued at $413,000 after buying an additional 9,880 shares during the last quarter. 67.16% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Company Profile

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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