3D Systems (NYSE:DDD) had its price target increased by Loop Capital to $17.00 in a research note published on Wednesday morning, The Fly reports. The firm currently has a hold rating on the 3D printing company’s stock. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently issued reports on DDD. ValuEngine upgraded shares of 3D Systems from a hold rating to a buy rating in a research note on Friday, August 3rd. Zacks Investment Research cut shares of 3D Systems from a hold rating to a sell rating in a research note on Wednesday, May 16th. JPMorgan Chase & Co. set a $9.00 price objective on shares of 3D Systems and gave the company a sell rating in a research note on Thursday, May 3rd. Finally, Piper Jaffray Companies lowered shares of 3D Systems from a neutral rating to an underweight rating and set a $10.00 target price on the stock. in a report on Thursday, July 26th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. 3D Systems presently has an average rating of Hold and an average target price of $12.78.

Shares of 3D Systems opened at $19.88 on Wednesday, MarketBeat reports. 3D Systems has a 52-week low of $7.92 and a 52-week high of $20.00. The firm has a market capitalization of $2.05 billion, a PE ratio of -34.88 and a beta of 1.26. The company has a quick ratio of 1.51, a current ratio of 1.95 and a debt-to-equity ratio of 0.01.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. 3D Systems had a negative net margin of 11.54% and a negative return on equity of 9.22%. The company had revenue of $176.57 million during the quarter, compared to analysts’ expectations of $165.83 million. equities research analysts forecast that 3D Systems will post -0.22 earnings per share for the current year.

In other news, Director G Walter Loewenbaum II bought 4,500 shares of the stock in a transaction dated Tuesday, May 29th. The shares were acquired at an average price of $12.06 per share, with a total value of $54,270.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of DDD. Xact Kapitalforvaltning AB bought a new stake in shares of 3D Systems in the 4th quarter worth about $116,000. Alps Advisors Inc. bought a new stake in 3D Systems during the 1st quarter worth about $117,000. Oppenheimer & Co. Inc. bought a new stake in 3D Systems during the 1st quarter worth about $120,000. Private Advisor Group LLC bought a new stake in 3D Systems during the 1st quarter worth about $147,000. Finally, K.J. Harrison & Partners Inc bought a new stake in 3D Systems during the 1st quarter worth about $174,000. 65.75% of the stock is currently owned by institutional investors and hedge funds.

About 3D Systems

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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The Fly

Analyst Recommendations for 3D Systems (NYSE:DDD)

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