Stratasys, Ltd. (NASDAQ:SSYS) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other analysts have also recently commented on SSYS. Goldman Sachs Group, Inc. (The) cut shares of Stratasys from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a research note on Monday, June 26th. William Blair cut shares of Stratasys from a “market perform” rating to an “underperform” rating in a research note on Monday, May 15th. Zacks Investment Research cut shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Bank of America Corporation reissued an “underperform” rating and set a $20.00 target price (up previously from $17.00) on shares of Stratasys in a research note on Wednesday, May 17th. Finally, FBR & Co reissued a “buy” rating on shares of Stratasys in a research note on Wednesday, July 19th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.66.

Shares of Stratasys (SSYS) traded up 1.47% during midday trading on Friday, reaching $22.71. The company’s stock had a trading volume of 314,969 shares. The firm’s market capitalization is $1.20 billion. Stratasys has a 12-month low of $16.37 and a 12-month high of $30.88. The stock has a 50-day moving average of $23.00 and a 200 day moving average of $23.56.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data 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 negative net margin of 8.33% and a positive return on equity of 0.29%. The company had revenue of $170 million during the quarter, compared to analysts’ expectations of $167.82 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts predict that Stratasys will post $0.37 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “ValuEngine Lowers Stratasys, Ltd. (SSYS) to Sell” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/valuengine-lowers-stratasys-ltd-ssys-to-sell/1536960.html.

A number of institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its position in Stratasys by 11.7% in the second quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after buying an additional 458 shares during the last quarter. IFP Advisors Inc raised its position in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock valued at $143,000 after buying an additional 225 shares during the last quarter. Penserra Capital Management LLC raised its position in Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock valued at $153,000 after buying an additional 3,204 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Stratasys during the second quarter valued at $184,000. Finally, Advisor Group Inc. raised its position in Stratasys by 6.8% in the second quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock valued at $193,000 after buying an additional 528 shares during the last quarter. Institutional investors own 67.04% of the company’s stock.

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)

Receive News & Ratings for Stratasys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.