Stratasys, Ltd. (NASDAQ:SSYS) was downgraded by investment analysts at B. Riley FBR, Inc. from a “buy” rating to a “neutral” rating in a report issued on Wednesday. They presently have a $30.00 price objective on the technology company’s stock, down from their previous price objective of $33.00. B. Riley FBR, Inc.’s price target suggests a potential upside of 33.21% from the company’s current price.

Several other brokerages also recently weighed in on SSYS. Loop Capital assumed coverage on Stratasys in a report on Monday, July 24th. They issued a “hold” rating and a $24.00 price target for the company. BidaskClub downgraded Stratasys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Susquehanna Bancshares Inc assumed coverage on Stratasys in a report on Thursday, July 13th. They issued a “neutral” rating and a $22.00 price target for the company. Cowen and Company reissued a “hold” rating and issued a $23.00 price target on shares of Stratasys in a report on Sunday, September 17th. Finally, FBR & Co reissued a “buy” rating on shares of Stratasys in a report on Wednesday, July 19th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Stratasys presently has a consensus rating of “Hold” and a consensus target price of $24.12.

Shares of Stratasys (NASDAQ SSYS) traded down 5.77% during trading on Wednesday, reaching $21.22. 794,448 shares of the company were exchanged. The firm’s market capitalization is $1.12 billion. The firm’s 50 day moving average is $22.98 and its 200 day moving average is $24.42. Stratasys has a 1-year low of $16.37 and a 1-year high of $30.88.

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

COPYRIGHT VIOLATION NOTICE: “B. Riley FBR, Inc. Lowers Stratasys, Ltd. (SSYS) to Neutral” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/01/b-riley-fbr-inc-lowers-stratasys-ltd-ssys-to-neutral.html.

A number of large investors have recently made changes to their positions in SSYS. Ameritas Investment Partners Inc. lifted its holdings in Stratasys by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after acquiring an additional 458 shares during the period. Penserra Capital Management LLC lifted its holdings in Stratasys by 33.3% in the third quarter. Penserra Capital Management LLC now owns 4,400 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,100 shares during the period. Trent Capital Management Inc. NC acquired a new position in Stratasys in the fourth quarter valued at approximately $114,000. IFP Advisors Inc lifted its holdings 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 acquiring an additional 225 shares during the period. Finally, FNY Managed Accounts LLC acquired a new position in Stratasys in the third quarter valued at approximately $145,000. 67.13% of the stock is owned by institutional investors.

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)

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.