KeyCorp Reaffirms Hold Rating for 3D Systems Corporation (DDD)
DDD has been the topic of several other research reports. Loop Capital reiterated a hold rating and set a $15.00 price target on shares of 3D Systems Corporation in a report on Wednesday, August 9th. Piper Jaffray Companies restated an underweight rating and issued a $14.00 price objective on shares of 3D Systems Corporation in a research note on Monday, July 3rd. Zacks Investment Research downgraded shares of 3D Systems Corporation from a hold rating to a strong sell rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of 3D Systems Corporation from a sell rating to a strong sell rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG restated a hold rating and issued a $15.00 price objective (down previously from $16.00) on shares of 3D Systems Corporation in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. 3D Systems Corporation has a consensus rating of Hold and a consensus price target of $16.12.
3D Systems Corporation (NYSE DDD) opened at 13.47 on Friday. 3D Systems Corporation has a 52 week low of $12.02 and a 52 week high of $23.70. The stock’s market capitalization is $1.53 billion. The stock has a 50 day moving average of $13.17 and a 200 day moving average of $16.53.
3D Systems Corporation (NYSE:DDD) last announced its quarterly earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The company had revenue of $159.47 million for the quarter, compared to analyst estimates of $163.01 million. During the same quarter last year, the business earned $0.12 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts predict that 3D Systems Corporation will post $0.44 earnings per share for the current fiscal year.
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In other 3D Systems Corporation news, insider Vyomesh Joshi purchased 15,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average cost of $12.96 per share, with a total value of $199,584.00. Following the completion of the acquisition, the insider now directly owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in shares of 3D Systems Corporation in the second quarter valued at about $115,000. LS Investment Advisors LLC raised its holdings in shares of 3D Systems Corporation by 20.0% in the second quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after buying an additional 1,452 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in 3D Systems Corporation by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after purchasing an additional 1,552 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in 3D Systems Corporation by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after purchasing an additional 4,326 shares during the last quarter. Finally, Flinton Capital Management LLC raised its holdings in 3D Systems Corporation by 76.8% during the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after purchasing an additional 4,386 shares during the last quarter. 56.72% of the stock is owned by institutional investors and hedge funds.
About 3D Systems Corporation
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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