[Market Wired] Stratasys Ltd. (NASDAQ:SSYS)(TREND ANALYSIS), Pomerantz LLP has filed a class action lawsuit against Stratasys Ltd. (“Stratasys” or the “Company”) (NASDAQ: SSYS) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 15-cv-945, is on behalf of a class consisting of all persons or entities who purchased Stratasys securities between May 9, 2014 and February 2, 2015, inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).
If you are a shareholder who purchased Stratasys securities during the Class Period, you have until April 6, 2015 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at *protected email* or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
The company is currently valued at $2.78 billion and closed the last trading session at $54.63. The stock has 50-day moving average of $62.39 and a 200-day moving average of $93.99.
Stratasys Ltd. (NASDAQ:SSYS) is currently trading 58.24% below its 52-week-high, 6.08% above its 52-week-low and in the range of $51.5-$65.23 over the past month. The 1-year range for the stock is $51.5-$130.83. Stratasys Ltd. (SSYS) has a price to book ratio of 1.1 versus Nasdaq average of 4.63. The company’s share price has underperformed the Nasdaq year to date by -34.82%.
Stratasys Ltd. (SSYS) current short interest stands at 10,487,227 shares. It has increased by 9% from the same period of last month. Around 24.1% of the company’s shares, which are float, are short sold. With a 30-days average daily volume of 991,916 shares, the number of days required to cover the short positions stand at 10.5 days.
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There are currently twenty-eight analysts that we track that cover SSYS. Of those twenty-eight, twelve have a buy rating, fourteen have a hold rating, and two have a sell rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $74.56 which represents an upside of 36.47% from the last closing price of $54.63.
Recently, several research firms updated their ratings on the stock. Indeed, in the last five days, an average price target of $77.5 has been given to the stock, which represents an upside of 41.86% from the last closing price.
Indeed, Stephens Inc maintained their overweight stance on April 06th, with a target price of $75, which represents an upside of 37.29% from the last closing price. Another research firm, FBR Capital Markets, maintained their suspended coverage stance on April 01st. Finally, William Blair & Co maintained their market perform stance on March 03rd.
Stratasys Ltd. manufactures three-dimensional printers. The printers build three-dimensional models by depositing multiple layers of resin one on top of another based on data from three-dimensional computer aided design files. The Company’s products are used by designers, engineers and manufacturers to visualize, verify and communicate product designs.