3D Systems Corp. (DDD) Short Interest Up 12.4% in October
3D Systems Corp. (NYSE:DDD) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 27,720,993 shares, an increase of 12.4% from the October 14th total of 24,668,992 shares. Based on an average daily volume of 2,606,819 shares, the days-to-cover ratio is presently 10.6 days. Approximately 26.1% of the shares of the company are sold short.
A number of hedge funds and other institutional investors have recently bought and sold shares of DDD. Ameritas Investment Partners Inc. boosted its position in 3D Systems Corp. by 65.7% in the third quarter. Ameritas Investment Partners Inc. now owns 41,744 shares of the 3D printing company’s stock valued at $749,000 after buying an additional 16,552 shares during the last quarter. Jane Street Group LLC boosted its position in 3D Systems Corp. by 32.9% in the third quarter. Jane Street Group LLC now owns 79,410 shares of the 3D printing company’s stock valued at $1,425,000 after buying an additional 19,644 shares during the last quarter. Gotham Asset Management LLC purchased a new position in 3D Systems Corp. during the third quarter valued at $547,000. The Manufacturers Life Insurance Company bought a new stake in 3D Systems Corp. during the third quarter valued at about $3,881,000. Finally, HighTower Advisors LLC bought a new stake in 3D Systems Corp. during the third quarter valued at about $384,000. Hedge funds and other institutional investors own 50.07% of the company’s stock.
A number of research firms have recently commented on DDD. Pacific Crest reissued a “hold” rating on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Brean Capital restated a “hold” rating on shares of 3D Systems Corp. in a research note on Friday, November 4th. Jefferies Group raised their price objective on shares of 3D Systems Corp. from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems Corp. in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. restated an “underweight” rating and issued a $10.50 price objective on shares of 3D Systems Corp. in a research note on Saturday, October 15th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.61.
3D Systems Corp. (NYSE:DDD) opened at 14.25 on Friday. 3D Systems Corp. has a 12-month low of $6.00 and a 12-month high of $19.76. The company’s market capitalization is $1.60 billion. The company has a 50 day moving average price of $15.25 and a 200-day moving average price of $14.49.
3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings data on Thursday, November 3rd. The 3D printing company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $156.36 million for the quarter, compared to analysts’ expectations of $160.16 million. 3D Systems Corp. had a positive return on equity of 4.14% and a negative net margin of 98.40%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. On average, analysts anticipate that 3D Systems Corp. will post $0.43 EPS for the current year.
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.
Receive News & Stock Ratings for 3D Systems Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems Corp. and related stocks with our FREE daily email newsletter.