Stratasys Ltd. (NASDAQ:SSYS - Get Free Report) saw strong trading volume on Monday . 913,936 shares were traded during mid-day trading, an increase of 104% from the previous session's volume of 448,675 shares.The stock last traded at $8.22 and had previously closed at $8.42.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $23.00 price target on shares of Stratasys in a research note on Thursday, May 30th. Needham & Company LLC dropped their price target on shares of Stratasys from $16.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, May 30th. Finally, StockNews.com initiated coverage on shares of Stratasys in a research note on Friday. They issued a "buy" rating on the stock.
View Our Latest Analysis on SSYS
Stratasys Stock Down 2.6 %
The firm has a market capitalization of $571.21 million, a price-to-earnings ratio of -4.48 and a beta of 1.32. The company has a fifty day moving average price of $9.50 and a two-hundred day moving average price of $11.59.
Institutional Investors Weigh In On Stratasys
Several large investors have recently modified their holdings of SSYS. Values First Advisors Inc. lifted its holdings in Stratasys by 4.4% in the fourth quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company's stock valued at $281,000 after acquiring an additional 828 shares during the period. Van ECK Associates Corp lifted its holdings in Stratasys by 6.3% in the third quarter. Van ECK Associates Corp now owns 20,306 shares of the technology company's stock valued at $276,000 after acquiring an additional 1,199 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Stratasys by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company's stock valued at $565,000 after acquiring an additional 1,850 shares during the period. RIA Advisory Group LLC acquired a new stake in Stratasys in the fourth quarter valued at $33,000. Finally, Essex Investment Management Co. LLC lifted its holdings in Stratasys by 1.9% in the first quarter. Essex Investment Management Co. LLC now owns 135,324 shares of the technology company's stock valued at $1,572,000 after acquiring an additional 2,528 shares during the period. 75.77% of the stock is owned by institutional investors and hedge funds.
Stratasys Company Profile
(
Get Free Report)
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.
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