Shares of Stratasys Ltd. (NASDAQ:SSYS) fell 4% on Thursday . The stock traded as low as $19.57 and last traded at $19.59, with a volume of 1,478,286 shares traded. The stock had previously closed at $20.40.

Several research firms have recently weighed in on SSYS. Citigroup Inc. downgraded Stratasys from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Friday, April 15th. They noted that the move was a valuation call. Zacks Investment Research downgraded Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Piper Jaffray Cos. lowered Stratasys from an “overweight” rating to a “neutral” rating and cut their price target for the company from $32.00 to $24.00 in a research note on Monday, July 18th. Pacific Crest restated an “equal weight” rating on shares of Stratasys in a research note on Sunday, June 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $26.00 price target on shares of Stratasys in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.00.

The firm has a 50 day moving average price of $21.48 and a 200 day moving average price of $21.83. The firm’s market cap is $1.05 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 Zacks’ consensus estimate of $0.06 by $0.06. During the same quarter in the prior year, the firm earned $0.15 EPS. The company had revenue of $172.10 million for the quarter, compared to analyst estimates of $175.88 million. The company’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 EPS for the current fiscal year.

Other hedge funds and institutional investors recently modified their holdings of 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Lapides Asset Management LLC boosted 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 worth $9,963,000 after buying an additional 228,800 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted 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 worth $28,176,000 after buying an additional 100,000 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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