3D Systems Co. (NYSE:DDD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of 3D Systems Co. (NYSE:DDD) have received an average recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.25.

Several research firms have weighed in on DDD. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research note on Wednesday, February 19th. Craig Hallum raised 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th.

3D Systems Trading Down 2.4 %

Shares of DDD stock opened at $3.03 on Friday. The company has a market capitalization of $410.25 million, a PE ratio of -0.76 and a beta of 1.63. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.25. The business’s fifty day moving average is $3.70 and its 200 day moving average is $3.19. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Insider Buying and Selling

In other news, CEO Jeffrey A. Graves bought 60,000 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On 3D Systems

Several large investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new position in 3D Systems during the third quarter valued at approximately $25,000. Murchinson Ltd. purchased a new stake in shares of 3D Systems during the 3rd quarter worth $28,000. HighTower Advisors LLC bought a new stake in 3D Systems during the third quarter valued at about $31,000. Blue Trust Inc. grew its stake in 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in 3D Systems in the fourth quarter worth about $39,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.