Investment analysts at Loop Capital started coverage on shares of Stratasys, Ltd. (NASDAQ:SSYS) in a research report issued on Monday, The Fly reports. The firm set a “hold” rating on the technology company’s stock.

Other equities analysts have also recently issued reports about the company. FBR & Co reiterated a “buy” rating on shares of Stratasys in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, July 12th. Jefferies Group LLC cut Stratasys from a “buy” rating to a “hold” rating and lifted their price target for the company from $24.00 to $30.00 in a research report on Thursday, May 18th. Needham & Company LLC cut Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $27.00 price target (up from $18.00) on shares of Stratasys in a research report on Wednesday, May 17th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $23.65.

Stratasys (NASDAQ:SSYS) traded up 1.04% during mid-day trading on Monday, hitting $24.36. The stock had a trading volume of 359,219 shares. The firm’s 50-day moving average is $25.42 and its 200 day moving average is $22.86. Stratasys has a 12 month low of $16.37 and a 12 month high of $30.88. The company’s market cap is $1.28 billion.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $163.20 million during the quarter, compared to analysts’ expectations of $162.38 million. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. Equities analysts anticipate that Stratasys will post $0.28 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSYS. Primecap Management Co. CA increased its position in Stratasys by 25.6% in the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock valued at $128,903,000 after buying an additional 1,281,000 shares in the last quarter. Fisher Asset Management LLC increased its position in Stratasys by 1.0% in the second quarter. Fisher Asset Management LLC now owns 3,098,571 shares of the technology company’s stock valued at $72,228,000 after buying an additional 31,339 shares in the last quarter. Riverbridge Partners LLC increased its position in Stratasys by 3.3% in the first quarter. Riverbridge Partners LLC now owns 1,845,424 shares of the technology company’s stock valued at $37,813,000 after buying an additional 59,249 shares in the last quarter. State Street Corp increased its position in Stratasys by 2.1% in the first quarter. State Street Corp now owns 828,339 shares of the technology company’s stock valued at $16,974,000 after buying an additional 17,163 shares in the last quarter. Finally, Lapides Asset Management LLC increased its position in Stratasys by 5.7% in the first quarter. Lapides Asset Management LLC now owns 730,400 shares of the technology company’s stock valued at $14,966,000 after buying an additional 39,700 shares in the last quarter. Hedge funds and other institutional investors own 67.22% 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.

The Fly

Analyst Recommendations for Stratasys (NASDAQ:SSYS)

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