Shares of Stratasys Ltd. (NASDAQ:SSYS) traded down 1.9% during trading on Monday . The company traded as low as $22.75 and last traded at $22.75, with a volume of 519,568 shares. The stock had previously closed at $23.19.

A number of analysts have recently commented on the company. Bank of America Corp. reiterated a “sell” rating and set a $23.00 target price on shares of Stratasys in a research report on Saturday, March 19th. Zacks Investment Research cut Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Citigroup Inc. cut Stratasys from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, April 15th. They noted that the move was a valuation call. FBR & Co reiterated a “buy” rating and set a $29.00 target price on shares of Stratasys in a research report on Tuesday, June 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $26.00 target price on shares of Stratasys in a research report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.00.

The company’s market cap is $1.17 billion. The stock’s 50 day moving average price is $22.21 and its 200-day moving average price is $22.05.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Monday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.05. The business earned $167.90 million during the quarter, compared to the consensus estimate of $165.11 million. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS. On average, equities research analysts forecast that Stratasys Ltd. will post $0.33 earnings per share for the current year.

Other large investors have recently made changes to their positions in the company. Lapides Asset Management LLC raised its stake in shares of Stratasys by 117.0% in the fourth quarter. Lapides Asset Management LLC now owns 424,300 shares of the company’s stock valued at $9,963,000 after buying an additional 228,800 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Stratasys by 9.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,200,000 shares of the company’s stock valued at $28,176,000 after buying an additional 100,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Stratasys by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 55,565 shares of the company’s stock valued at $1,304,000 after buying an additional 1,220 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Stratasys by 43.3% in the fourth quarter. Bank of Montreal Can now owns 137,072 shares of the company’s stock valued at $3,219,000 after buying an additional 41,421 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Stratasys by 12.7% in the fourth quarter. Gabelli Funds LLC now owns 160,000 shares of the company’s stock valued at $3,757,000 after buying an additional 18,000 shares during the last quarter.

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.

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