Stratasys, Ltd. (NASDAQ:SSYS) had its target price trimmed by Loop Capital from $24.00 to $21.00 in a report issued on Wednesday morning. The brokerage currently has a hold rating on the technology company’s stock.

A number of other research analysts have also recently commented on SSYS. Cowen and Company reaffirmed a market perform rating and set a $23.00 price target (down previously from $27.00) on shares of Stratasys in a research report on Thursday, August 10th. Zacks Investment Research cut Stratasys from a buy rating to a hold rating in a research report on Thursday, August 24th. BidaskClub cut Stratasys from a buy rating to a hold rating in a research report on Thursday, August 17th. Citigroup Inc. raised Stratasys from a neutral rating to a buy rating and dropped their price target for the company from $32.00 to $29.00 in a research report on Thursday, August 10th. Finally, Deutsche Bank AG dropped their price target on Stratasys from $31.00 to $25.00 and set a hold rating on the stock in a research report on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $24.38.

Shares of Stratasys (NASDAQ:SSYS) traded up $0.13 during midday trading on Wednesday, hitting $20.98. The stock had a trading volume of 526,672 shares, compared to its average volume of 792,587. Stratasys has a 1 year low of $16.37 and a 1 year high of $30.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.32 and a quick ratio of 2.65. The stock has a market cap of $1,110.00, a PE ratio of 149.86, a PEG ratio of 17.48 and a beta of 1.40.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The firm had revenue of $155.90 million for the quarter, compared to analysts’ expectations of $160.97 million. The business’s quarterly revenue was down .8% compared to the same quarter last year. research analysts forecast that Stratasys will post 0.06 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. raised its holdings in shares of Stratasys by 11.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after acquiring an additional 458 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Stratasys in the 2nd quarter valued at about $184,000. Advisor Group Inc. raised its holdings in shares of Stratasys by 6.8% in the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock valued at $193,000 after acquiring an additional 528 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Stratasys by 24.8% in the 2nd quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock valued at $197,000 after acquiring an additional 1,674 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Stratasys in the 2nd quarter valued at about $200,000. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Company Profile

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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