Vetr upgraded shares of 3D Systems (NYSE:DDD) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning. They currently have $12.44 price objective on the 3D printing company’s stock.

Several other research analysts also recently weighed in on DDD. ValuEngine downgraded shares of 3D Systems from a hold rating to a sell rating in a research report on Thursday, September 28th. Jefferies Group reissued a hold rating and issued a $17.00 target price on shares of 3D Systems in a research report on Tuesday, October 3rd. Stifel Nicolaus reissued a hold rating and issued a $15.00 target price on shares of 3D Systems in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of 3D Systems from a strong sell rating to a hold rating in a research report on Wednesday, October 4th. Finally, KeyCorp reissued a hold rating on shares of 3D Systems in a research report on Friday, October 6th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $12.68.

3D Systems (NYSE:DDD) traded up $0.10 during midday trading on Tuesday, hitting $10.66. 3,210,000 shares of the company were exchanged, compared to its average volume of 3,000,000. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94. 3D Systems has a twelve month low of $7.92 and a twelve month high of $23.70. The company has a market cap of $1,210.00, a P/E ratio of -23.17 and a beta of 1.47.

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

In related news, Director G Walter Loewenbaum II acquired 40,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average cost of $8.94 per share, with a total value of $362,070.00. Following the completion of the transaction, the director now owns 1,053,707 shares of the company’s stock, valued at approximately $9,420,140.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 47,930 shares of company stock worth $428,048 over the last ninety days. 5.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of DDD. PNC Financial Services Group Inc. lifted its stake in 3D Systems by 19.4% in the second quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after acquiring an additional 1,552 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in 3D Systems by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock valued at $186,000 after acquiring an additional 4,326 shares during the last quarter. Flinton Capital Management LLC lifted its stake in 3D Systems by 76.8% in the second quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after acquiring an additional 4,386 shares during the last quarter. Strategic Wealth Advisors Group LLC acquired a new stake in 3D Systems in the second quarter valued at approximately $220,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in 3D Systems in the third quarter valued at approximately $260,000. Hedge funds and other institutional investors own 60.34% of the company’s stock.

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About 3D Systems

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for 3D Systems (NYSE:DDD)

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