Stratasys, Ltd. (NASDAQ:SSYS) was upgraded by investment analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating in a research note issued to investors on Friday. The firm presently has a $22.00 price target on the technology company’s stock. Susquehanna Bancshares Inc’s price target suggests a potential upside of 5.01% from the stock’s current price.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, July 12th. FBR & Co reissued a “buy” rating on shares of Stratasys in a research report on Wednesday, July 19th. BidaskClub lowered Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and dropped their price target for the company from $32.00 to $29.00 in a research report on Thursday, August 10th. Finally, Cowen and Company set a $27.00 price target on Stratasys and gave the company a “hold” rating in a research report on Monday, August 7th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.77.

Stratasys (NASDAQ SSYS) traded up 4.988% during mid-day trading on Friday, reaching $21.995. The company had a trading volume of 545,232 shares. Stratasys has a 12 month low of $16.38 and a 12 month high of $30.88. The stock’s 50-day moving average is $23.01 and its 200 day moving average is $24.27. The firm’s market capitalization is $1.16 billion.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.16. The firm had revenue of $170.00 million for the quarter, compared to analyst estimates of $167.82 million. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. Stratasys’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, analysts predict that Stratasys will post $0.37 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in SSYS. Russell Investments Group Ltd. boosted its stake in shares of Stratasys by 28.2% during the 1st quarter. Russell Investments Group Ltd. now owns 47,446 shares of the technology company’s stock worth $972,000 after acquiring an additional 10,446 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Stratasys by 14.3% during the 1st quarter. Wells Fargo & Company MN now owns 95,498 shares of the technology company’s stock worth $1,957,000 after acquiring an additional 11,957 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Stratasys by 16.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 148,330 shares of the technology company’s stock worth $3,039,000 after acquiring an additional 21,275 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Stratasys by 458.7% during the 1st quarter. JPMorgan Chase & Co. now owns 159,879 shares of the technology company’s stock worth $3,276,000 after acquiring an additional 131,261 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Stratasys by 0.7% during the 1st quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock worth $254,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 67.04% of the company’s stock.

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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