Stratasys Ltd. (NASDAQ:SSYS)’s share price fell 10.7% on Monday . The stock traded as low as $20.13 and last traded at $20.79, with a volume of 2,624,138 shares changing hands. The stock had previously closed at $23.29.

Several equities research analysts have issued reports on SSYS shares. Zacks Investment Research downgraded Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Needham & Company LLC restated a “buy” rating and set a $26.00 target price (down previously from $28.00) on shares of Stratasys in a research report on Tuesday, May 10th. FBR & Co started coverage on Stratasys in a research report on Tuesday, May 24th. They set an “outperform” rating and a $29.00 target price on the stock. Deutsche Bank AG restated a “hold” rating and set a $24.00 target price on shares of Stratasys in a research report on Friday, May 13th. Finally, Jefferies Group restated a “buy” rating on shares of Stratasys in a research report on Friday, April 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. Stratasys currently has a consensus rating of “Hold” and an average target price of $28.06.

The firm’s market cap is $1.10 billion. The stock has a 50 day moving average of $22.37 and a 200-day moving average of $22.03.

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

Other hedge funds and institutional investors have made changes to their positions in the company. Rhumbline Advisers boosted its position 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 during the period. New York State Common Retirement Fund boosted its position 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 during the period. California State Teachers Retirement System boosted its position 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 during the period. Bank of Montreal Can boosted its position 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 worth $3,219,000 after buying an additional 41,421 shares during the period. Finally, Gabelli Funds LLC boosted its position 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 during the period.

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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