Shares of Stratasys Ltd. (NASDAQ:SSYS) saw unusually-strong trading volume on Thursday . Approximately 1,058,781 shares were traded during trading, an increase of 13% from the previous session’s volume of 936,311 shares.The stock last traded at $23.66 and had previously closed at $23.47.

Several equities analysts recently commented on SSYS shares. Bank of America Corp. reiterated a “sell” rating and set a $23.00 price target on shares of Stratasys in a report on Saturday, March 19th. Jefferies Group reiterated a “buy” rating on shares of Stratasys in a report on Friday, April 1st. Citigroup Inc. downgraded shares of Stratasys from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Friday, April 15th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $26.00 price target (down from $28.00) on shares of Stratasys in a report on Tuesday, May 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Stratasys presently has an average rating of “Hold” and a consensus price target of $29.00.

The stock’s 50-day moving average price is $22.37 and its 200 day moving average price is $22.03. The company’s market cap is $1.21 billion.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $165.11 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. Stratasys’s revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Stratasys Ltd. will post $0.33 earnings per share for the current fiscal year.

Several large investors recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of Stratasys by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 94,339 shares of the company’s stock worth $2,215,000 after buying an additional 1,435 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Stratasys by 3.5% in the fourth quarter. Rhumbline Advisers now owns 67,821 shares of the company’s stock worth $1,592,000 after buying an additional 2,295 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Stratasys by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 78,146 shares of the company’s stock worth $1,835,000 after buying an additional 1,400 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Stratasys by 29.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 227,520 shares of the company’s stock worth $5,342,000 after buying an additional 51,630 shares in the last quarter. Finally, Gabelli Funds LLC boosted 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 worth $3,757,000 after buying an additional 18,000 shares in 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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