Stratasys Ltd. (NASDAQ:SSYS)’s share price traded 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 trading hands. The stock had previously closed at $19.36.

Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Citigroup Inc. downgraded shares of Stratasys from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Friday, April 15th. They noted that the move was a valuation call. FBR & Co reiterated a “buy” rating and set a $29.00 price objective on shares of Stratasys in a research note on Tuesday, June 14th. Needham & Company LLC reiterated a “buy” rating and set a $26.00 price objective on shares of Stratasys in a research note on Thursday, June 9th. Finally, Piper Jaffray Cos. downgraded shares of Stratasys from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $32.00 to $24.00 in a research note 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. Stratasys currently has a consensus rating of “Hold” and a consensus target price of $26.00.

The stock has a 50-day moving average of $21.52 and a 200-day moving average of $21.84. The stock’s market capitalization is $1.01 billion.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The business had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $175.88 million. During the same period in the previous year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts forecast that Stratasys Ltd. will post $0.33 earnings per share for the current year.

Several hedge funds and institutional investors have modified their holdings of the company. Rhumbline Advisers raised 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 valued at $1,592,000 after buying an additional 2,295 shares during the last quarter. New York State Common Retirement Fund raised 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 valued at $1,835,000 after buying an additional 1,400 shares during the last quarter. Bank of Montreal Can raised 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 valued at $3,219,000 after buying an additional 41,421 shares during the last quarter. Lapides Asset Management LLC raised its position 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. Finally, State of New Jersey Common Pension Fund D raised its position 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.

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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