Stratasys, Ltd. (NASDAQ:SSYS)‘s stock had its “buy” rating reaffirmed by equities research analysts at FBR & Co in a research report issued to clients and investors on Wednesday.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Stratasys from a “buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna Bancshares Inc assumed coverage on Stratasys in a research report on Thursday, July 13th. They set a “neutral” rating and a $22.00 price objective on the stock. Goldman Sachs Group, Inc. (The) lowered Stratasys from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research report on Monday, June 26th. Jefferies Group LLC lowered Stratasys from a “buy” rating to a “hold” rating and upped their price objective for the stock from $24.00 to $30.00 in a research report on Thursday, May 18th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $20.00 price objective (up previously from $17.00) on shares of Stratasys in a research report on Wednesday, May 17th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.65.

Shares of Stratasys (NASDAQ:SSYS) traded up 1.05% during mid-day trading on Wednesday, reaching $24.01. The company’s stock had a trading volume of 379,948 shares. Stratasys has a one year low of $16.37 and a one year high of $30.88. The stock’s market cap is $1.27 billion. The stock has a 50 day moving average of $25.60 and a 200-day moving average of $22.84.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The business had revenue of $163.20 million for the quarter, compared to analyst estimates of $162.38 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. On average, equities research analysts expect that Stratasys will post $0.28 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Primecap Management Co. CA increased its stake in shares of Stratasys by 25.6% in the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock worth $128,903,000 after buying an additional 1,281,000 shares during the last quarter. Royce & Associates LP increased its stake in shares of Stratasys by 542.5% in the first quarter. Royce & Associates LP now owns 451,646 shares of the technology company’s stock worth $9,254,000 after buying an additional 381,346 shares during the last quarter. Norges Bank purchased a new stake in shares of Stratasys during the fourth quarter worth approximately $4,187,000. Dimensional Fund Advisors LP increased its stake in shares of Stratasys by 65.9% in the first quarter. Dimensional Fund Advisors LP now owns 528,544 shares of the technology company’s stock worth $10,829,000 after buying an additional 209,886 shares during the last quarter. Finally, AXA increased its stake in shares of Stratasys by 34.4% in the first quarter. AXA now owns 561,397 shares of the technology company’s stock worth $11,503,000 after buying an additional 143,741 shares during the last quarter. Institutional investors and hedge funds own 67.16% of the company’s stock.

About Stratasys

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.

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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