Stratasys, Ltd. (NASDAQ:SSYS) shot up 7.3% during trading on Wednesday . The stock traded as high as $20.85 and last traded at $20.77, with a volume of 1,189,889 shares changing hands. The stock had previously closed at $19.36.

Several research firms have commented on SSYS. Zacks Investment Research downgraded shares of Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 3rd. 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. FBR & Co reissued a “buy” rating and issued a $29.00 price target on shares of Stratasys in a report on Tuesday, June 14th. Needham & Company LLC reissued a “buy” rating and issued a $26.00 price target on shares of Stratasys in a report on Thursday, June 9th. Finally, Piper Jaffray Cos. downgraded shares of Stratasys from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $32.00 to $24.00 in a report on Monday, July 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.00.

The stock has a 50-day moving average of $21.62 and a 200 day moving average of $21.87. The stock’s market cap is $1.06 billion.

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

Other hedge funds and institutional investors have bought and sold shares of the company. Rhumbline Advisers boosted its position in 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 position in 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. California State Teachers Retirement System boosted its position in 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. Bank of Montreal Can boosted its position 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. Finally, Lapides Asset Management LLC boosted its position 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.

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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