FBR & Co lowered shares of Stratasys, Ltd. (NASDAQ:SSYS) from a buy rating to a neutral rating in a report issued on Wednesday morning.

Several other equities research analysts have also recently issued reports on the stock. B. Riley cut shares of Stratasys from a buy rating to a neutral rating and reduced their price objective for the company from $33.00 to $30.00 in a research report on Wednesday. KeyCorp reiterated a hold rating on shares of Stratasys in a research report on Friday, October 27th. Susquehanna Bancshares Inc upgraded shares of Stratasys from a neutral rating to a positive rating and set a $22.00 price objective on the stock in a research report on Friday, October 20th. UBS AG upgraded shares of Stratasys from a neutral rating to a positive rating in a research report on Friday, October 20th. Finally, Needham & Company LLC reiterated a hold rating on shares of Stratasys in a research report on Friday, October 13th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Stratasys has an average rating of Hold and a consensus target price of $24.12.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.16. The firm had revenue of $170.00 million for the quarter, compared to analysts’ expectations of $167.82 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in Stratasys by 0.7% during the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock worth $254,000 after buying an additional 77 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Stratasys by 11.7% during the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after buying an additional 458 shares during the period. Advisor Group Inc. boosted its stake in Stratasys by 6.8% during the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after buying an additional 528 shares during the period. New York State Common Retirement Fund boosted its stake in Stratasys by 1.1% during the second quarter. New York State Common Retirement Fund now owns 63,343 shares of the technology company’s stock worth $1,477,000 after buying an additional 684 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Stratasys by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 37,357 shares of the technology company’s stock valued at $871,000 after purchasing an additional 718 shares during the period. 67.13% of the stock is owned by 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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