Stratasys, Ltd. (NASDAQ:SSYS) rose 5.4% during mid-day trading on Monday . The company traded as high as $24.38 and last traded at $24.38. Approximately 712,628 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 558,025 shares. The stock had previously closed at $23.12.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Stratasys from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, July 12th. FBR & Co reaffirmed a “buy” rating on shares of Stratasys in a research report on Wednesday, July 19th. BidaskClub cut Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Citigroup Inc. upgraded Stratasys from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $32.00 to $29.00 in a research note on Thursday, August 10th. Finally, Cowen and Company set a $27.00 price target on Stratasys and gave the stock a “hold” rating in a research note on Monday, August 7th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Stratasys presently has an average rating of “Hold” and a consensus price target of $23.77.

The firm’s 50 day moving average is $22.71 and its 200-day moving average is $24.06. The company’s market capitalization is $1.29 billion.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The business had revenue of $170.00 million for the quarter, compared to analysts’ expectations of $167.82 million. During the same quarter in the prior year, the business earned $0.12 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Stratasys, Ltd. will post $0.37 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. raised its position in shares of Stratasys by 64.7% in the second quarter. Baillie Gifford & Co. now owns 377,800 shares of the technology company’s stock valued at $8,807,000 after purchasing an additional 148,400 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Stratasys by 742.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 32,905 shares of the technology company’s stock worth $767,000 after buying an additional 29,000 shares during the period. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Stratasys by 28.5% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 71,225 shares of the technology company’s stock worth $1,660,000 after buying an additional 15,812 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Stratasys by 25.6% during the 1st 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 period. Finally, Royce & Associates LP boosted its holdings in shares of Stratasys by 2.1% during the 2nd quarter. Royce & Associates LP now owns 461,046 shares of the technology company’s stock worth $10,747,000 after buying an additional 9,400 shares during the period. 67.04% of the stock is currently owned by institutional investors.

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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.

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