3D Systems Corporation $DDD Stock Purchased by Inspire Investing LLC

Inspire Investing LLC grew its holdings in shares of 3D Systems Corporation (NYSE:DDD) by 229,329.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 176,661 shares of the 3D printing company’s stock after buying an additional 176,584 shares during the period. Inspire Investing LLC’s holdings in 3D Systems were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pinnacle Associates Ltd. lifted its stake in 3D Systems by 561.7% in the third quarter. Pinnacle Associates Ltd. now owns 2,258,048 shares of the 3D printing company’s stock worth $8,129,000 after acquiring an additional 1,916,783 shares during the period. Bank of New York Mellon Corp bought a new stake in 3D Systems in the second quarter valued at $1,221,000. Dimensional Fund Advisors LP boosted its holdings in 3D Systems by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company’s stock valued at $3,537,000 after acquiring an additional 320,427 shares in the last quarter. Squarepoint Ops LLC purchased a new position in 3D Systems during the 2nd quarter valued at $774,000. Finally, Renaissance Technologies LLC increased its position in 3D Systems by 16.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company’s stock valued at $2,180,000 after purchasing an additional 161,643 shares during the period. Institutional investors own 64.49% of the company’s stock.

3D Systems Price Performance

DDD stock opened at $2.94 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.27 and a current ratio of 3.40. The firm has a 50 day moving average price of $3.29 and a 200-day moving average price of $2.79. 3D Systems Corporation has a 52-week low of $1.70 and a 52-week high of $4.12. The firm has a market capitalization of $488.48 million, a price-to-earnings ratio of -7.17 and a beta of 2.77.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.01 million. Equities research analysts forecast that 3D Systems Corporation will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

DDD has been the subject of several research reports. Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Tuesday, August 4th. Weiss Ratings lowered 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey Graves sold 42,686 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $3.55, for a total value of $151,535.30. Following the sale, the chief executive officer directly owned 1,231,596 shares of the company’s stock, valued at approximately $4,372,165.80. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.99% of the company’s stock.

3D Systems Company Profile

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.