Stratasys, Ltd. (NASDAQ:SSYS) has earned a consensus rating of “Hold” from the twenty-one research firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.83.

A number of equities analysts recently issued reports on SSYS shares. FBR & Co reissued a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, July 12th. BidaskClub lowered Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Jefferies Group LLC lowered Stratasys from a “buy” rating to a “hold” rating and increased their price objective for the stock from $24.00 to $30.00 in a report on Thursday, May 18th. Finally, Needham & Company LLC lowered Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th.

Stratasys (NASDAQ SSYS) traded down 0.89% during mid-day trading on Tuesday, hitting $22.39. The stock had a trading volume of 1,426,552 shares. Stratasys has a 12-month low of $16.37 and a 12-month high of $30.88. The company has a 50-day moving average of $24.50 and a 200-day moving average of $23.25. The stock’s market cap is $1.18 billion.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $163.20 million during the quarter, compared to analyst estimates of $162.38 million. During the same period in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts anticipate that Stratasys will post $0.28 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in shares of Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock worth $143,000 after buying an additional 225 shares during the period. Penserra Capital Management LLC increased its stake in shares of Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock worth $153,000 after buying an additional 3,204 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Stratasys during the second quarter worth approximately $184,000. SG Americas Securities LLC increased its stake in shares of Stratasys by 24.8% in the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after buying an additional 1,674 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Stratasys during the second quarter worth approximately $200,000. Institutional investors own 66.46% 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.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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