Stratasys Ltd. (NASDAQ:SSYS)’s share price shot up 3.4% during trading on Monday . The company traded as high as $23.31 and last traded at $22.51, with a volume of 1,171,550 shares traded. The stock had previously closed at $21.77.

Several equities research analysts recently weighed in on SSYS shares. Zacks Investment Research cut Stratasys from a “strong-buy” rating to a “hold” rating in a research note 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 note on Tuesday, May 10th. FBR & Co started coverage on Stratasys in a research note on Tuesday, May 24th. They set an “outperform” rating and a $29.00 target price for the company. Deutsche Bank AG restated a “hold” rating and set a $24.00 target price on shares of Stratasys in a research note on Friday, May 13th. Finally, Pacific Crest restated an “equal weight” rating on shares of Stratasys in a research note on Sunday, June 5th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.00.

The firm has a 50-day moving average price of $21.30 and a 200 day moving average price of $22.32. The firm’s market cap is $1.22 billion.

Stratasys (NASDAQ:SSYS) last released its earnings results on Thursday, August 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $172.10 million for the quarter, compared to the consensus estimate of $175.88 million. During the same period in the prior year, the business earned $0.15 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities research analysts expect that Stratasys Ltd. will post $0.32 EPS for the current fiscal year.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.