Equities research analysts at Loop Capital initiated coverage on shares of Stratasys, Ltd. (NASDAQ:SSYS) in a research note issued on Monday, The Fly reports. The firm set a “hold” rating on the technology company’s stock.

Other research analysts also recently issued reports about the stock. FBR & Co reissued a “buy” rating on shares of Stratasys in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Stratasys from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, July 12th. Jefferies Group LLC downgraded shares of Stratasys from a “buy” rating to a “hold” rating and boosted their price objective for the company from $24.00 to $30.00 in a research report on Thursday, May 18th. Needham & Company LLC downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $27.00 price objective (up from $18.00) on shares of Stratasys in a research report on Wednesday, May 17th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.65.

Shares of Stratasys (SSYS) traded up 1.04% during mid-day trading on Monday, reaching $24.36. 359,219 shares of the company were exchanged. The company’s 50 day moving average price is $25.42 and its 200 day moving average price is $22.86. Stratasys has a 12 month low of $16.37 and a 12 month high of $30.88. The firm’s market capitalization is $1.28 billion.

Stratasys (NASDAQ:SSYS) last released its earnings results on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $163.20 million for the quarter, compared to the consensus estimate of $162.38 million. Stratasys had a negative net margin of 10.17% and a negative return on equity of 0.03%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. Equities analysts anticipate that Stratasys will post $0.28 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/07/24/stratasys-ltd-nasdaqssys-now-covered-by-analysts-at-loop-capital.html.

Institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its position in Stratasys by 12.7% in the fourth quarter. Gabelli Funds LLC now owns 160,000 shares of the technology company’s stock valued at $3,757,000 after buying an additional 18,000 shares during the last quarter. Lapides Asset Management LLC boosted its position in Stratasys by 117.0% in the fourth quarter. Lapides Asset Management LLC now owns 424,300 shares of the technology company’s stock valued at $9,963,000 after buying an additional 228,800 shares during the last quarter. Douglas C. Lane & Associates Inc. boosted its position in Stratasys by 19.3% in the fourth quarter. Douglas C. Lane & Associates Inc. now owns 1,157,619 shares of the technology company’s stock valued at $27,181,000 after buying an additional 187,506 shares during the last quarter. Shinko Asset Management Co. Ltd. boosted its position in Stratasys by 76.3% in the fourth quarter. Shinko Asset Management Co. Ltd. now owns 104,233 shares of the technology company’s stock valued at $2,447,000 after buying an additional 45,103 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in Stratasys by 4.1% in the third quarter. Douglas Lane & Associates LLC now owns 1,218,088 shares of the technology company’s stock valued at $29,344,000 after buying an additional 48,029 shares during the last quarter. Hedge funds and other institutional investors own 67.22% of the company’s stock.

About Stratasys

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.

The Fly

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

Receive News & Ratings for Stratasys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.