3D Systems Corp. (NYSE:DDD) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $20.54 target price on the 3D printing company’s stock. Vetr‘s price target suggests a potential upside of 17.17% from the company’s previous close.

Several other equities research analysts also recently issued reports on DDD. Pacific Crest restated a “hold” rating on shares of 3D Systems Corp. in a report on Tuesday, September 13th. Jefferies Group lifted their target price on 3D Systems Corp. from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. Bank of America Corp. reiterated a “buy” rating on shares of 3D Systems Corp. in a research report on Wednesday, June 8th. Zacks Investment Research upgraded 3D Systems Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems Corp. in a research report on Thursday, August 4th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. 3D Systems Corp. currently has a consensus rating of “Hold” and a consensus target price of $15.23.

Analyst Recommendations for 3D Systems Corp. (NYSE:DDD)

Shares of 3D Systems Corp. (NYSE:DDD) opened at 17.53 on Thursday. The stock’s 50 day moving average price is $16.28 and its 200 day moving average price is $14.86. The stock’s market cap is $1.97 billion. 3D Systems Corp. has a 1-year low of $6.00 and a 1-year high of $19.76.

3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings data on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a positive return on equity of 1.55% and a negative net margin of 100.84%. The company had revenue of $158.10 million for the quarter, compared to the consensus estimate of $161.01 million. During the same period in the previous year, the business earned $0.03 EPS. 3D Systems Corp.’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that 3D Systems Corp. will post $0.39 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in 3D Systems Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 3,972,317 shares of the 3D printing company’s stock worth $61,452,000 after buying an additional 22,993 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of 3D Systems Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,046,563 shares of the 3D printing company’s stock worth $47,130,000 after buying an additional 7,977 shares during the period. M&T Bank Corp raised its stake in shares of 3D Systems Corp. by 5.5% in the first quarter. M&T Bank Corp now owns 11,773 shares of the 3D printing company’s stock worth $182,000 after buying an additional 612 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of 3D Systems Corp. during the first quarter worth about $13,660,000. Finally, TIAA CREF Investment Management LLC raised its stake in shares of 3D Systems Corp. by 7.4% in the first quarter. TIAA CREF Investment Management LLC now owns 324,558 shares of the 3D printing company’s stock worth $5,021,000 after buying an additional 22,394 shares during the period. 50.16% of the stock is currently owned by institutional investors.

3D Systems Corp. Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

5 Day Chart for NYSE:DDD

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