3D Systems Corporation (NYSE:DDD) Stock Rated “Hold” by Sell-Side Brokerages

Shares of 3D Systems Corporation (NYSE:DDD) have earned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $5.50.

A number of equities research analysts have recently weighed in on DDD shares. Craig Hallum raised shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Tuesday, August 4th. Weiss Ratings downgraded 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th.

3D Systems Stock Up 0.7%

Shares of NYSE DDD opened at $3.04 on Friday. 3D Systems has a 52-week low of $1.70 and a 52-week high of $4.12. The stock has a market cap of $505.10 million, a P/E ratio of -7.41 and a beta of 2.77. 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 $3.34 and a 200 day moving average price of $3.03.

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

Insider Transactions at 3D Systems

In related news, CEO Jeffrey Graves sold 115,500 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $3.26, for a total value of $376,530.00. Following the completion of the sale, the chief executive officer directly owned 1,314,241 shares in the company, valued at $4,284,425.66. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

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

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.