3D Systems Corporation (NYSE:DDD) was upgraded by stock analysts at Piper Jaffray Companies from an “underweight” rating to a “neutral” rating in a research note issued to investors on Monday.

A number of other brokerages also recently issued reports on DDD. KeyCorp restated a “hold” rating on shares of 3D Systems Corporation in a report on Friday, October 6th. Loop Capital restated a “hold” rating and set a $15.00 price target on shares of 3D Systems Corporation in a report on Wednesday, August 9th. Zacks Investment Research downgraded 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. ValuEngine upgraded 3D Systems Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, B. Riley downgraded 3D Systems Corporation from a “neutral” rating to a “sell” rating and reduced their price target for the company from $18.00 to $7.00 in a report on Wednesday, November 1st. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.24.

Shares of 3D Systems Corporation (NYSE DDD) opened at $8.34 on Monday. 3D Systems Corporation has a 52 week low of $7.92 and a 52 week high of $23.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63.

3D Systems Corporation (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. During the same period last year, the firm posted $0.14 EPS. The company’s revenue was down 2.2% on a year-over-year basis. equities analysts predict that 3D Systems Corporation will post -0.3 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Pictet Asset Management Ltd. lifted its holdings in shares of 3D Systems Corporation by 294.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock valued at $34,115,000 after buying an additional 1,901,406 shares during the period. California Public Employees Retirement System lifted its holdings in shares of 3D Systems Corporation by 62.8% during the 3rd quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock valued at $27,934,000 after buying an additional 805,000 shares during the period. Think Investments LP bought a new position in shares of 3D Systems Corporation during the 3rd quarter valued at $10,511,000. Vident Investment Advisory LLC lifted its holdings in shares of 3D Systems Corporation by 155.0% during the 3rd quarter. Vident Investment Advisory LLC now owns 959,422 shares of the 3D printing company’s stock valued at $12,847,000 after buying an additional 583,193 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in shares of 3D Systems Corporation during the 2nd quarter valued at $9,353,000. 59.05% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Corporation Company Profile

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.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

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