Stratasys, Ltd. (SSYS) Downgraded to Buy at Vetr Inc.

Vetr lowered shares of Stratasys, Ltd. (NASDAQ:SSYS) from a strong-buy rating to a buy rating in a research note published on Tuesday morning. The firm currently has $21.00 target price on the stock.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Stratasys from a hold rating to a sell rating in a research report on Tuesday. Standpoint Research assumed coverage on shares of Stratasys in a research report on Tuesday, January 3rd. They set a buy rating and a $24.00 target price for the company. Needham & Company LLC reissued a buy rating and set a $21.00 target price on shares of Stratasys in a research report on Wednesday, December 28th. Brean Capital reissued a hold rating on shares of Stratasys in a research report on Friday, December 16th. Finally, Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $18.00 target price on shares of Stratasys in a research report on Tuesday, December 13th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $22.00.

Stratasys (NASDAQ:SSYS) traded up 0.43% during mid-day trading on Tuesday, reaching $18.86. The company’s stock had a trading volume of 393,457 shares. Stratasys has a 52-week low of $14.48 and a 52-week high of $30.46. The company’s market cap is $992.02 million. The firm has a 50 day moving average price of $18.47 and a 200 day moving average price of $20.69.

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A number of institutional investors have recently made changes to their positions in SSYS. David R. Rahn & Associates Inc. boosted its position in shares of Stratasys by 39.7% in the second quarter. David R. Rahn & Associates Inc. now owns 74,214 shares of the company’s stock valued at $1,699,000 after buying an additional 21,104 shares during the period. Concourse Capital Management LLC boosted its position in shares of Stratasys by 36.9% in the second quarter. Concourse Capital Management LLC now owns 27,306 shares of the company’s stock valued at $625,000 after buying an additional 7,366 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Stratasys by 2.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,076 shares of the company’s stock valued at $757,000 after buying an additional 817 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Stratasys during the second quarter valued at about $201,000. Finally, Blair William & Co. IL purchased a new position in shares of Stratasys during the second quarter valued at about $241,000. Hedge funds and other institutional investors own 60.54% of the company’s stock.

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.

5 Day Chart for NASDAQ:SSYS

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