Shares of Stratasys Ltd. (NASDAQ:SSYS) traded down 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 traded. The stock had previously closed at $23.29.

Several analysts have recently weighed in on the company. 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 issued a $26.00 price objective (down from $28.00) on shares of Stratasys in a report on Tuesday, May 10th. FBR & Co began coverage on Stratasys in a report on Tuesday, May 24th. They issued an “outperform” rating and a $29.00 price objective for the company. Deutsche Bank AG restated a “hold” rating and issued a $24.00 price objective on shares of Stratasys in a report on Friday, May 13th. Finally, Jefferies Group restated a “buy” rating on shares of Stratasys in a report on Friday, April 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Stratasys currently has a consensus rating of “Hold” and an average price target of $28.06.

The stock’s market cap is $1.06 billion. The company’s 50 day moving average price is $22.31 and its 200 day moving average price is $21.97.

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

A number of large investors recently bought and sold shares of SSYS. Lapides Asset Management LLC raised its stake in Stratasys by 117.0% in the fourth quarter. Lapides Asset Management LLC now owns 424,300 shares of the company’s stock worth $9,963,000 after buying an additional 228,800 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in 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 worth $28,176,000 after buying an additional 100,000 shares in the last quarter. Bank of Montreal Can raised its stake in 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 in the last quarter. Gabelli Funds LLC raised its stake in 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. Finally, Gamco Investors INC. ET AL raised its stake in 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.

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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