3D Systems Co. (NYSE:DDD) Given Average Rating of “Hold” by Analysts

Shares of 3D Systems Co. (NYSE:DDD) have been given an average recommendation of “Hold” by the five research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $3.25.

A number of equities analysts have weighed in on DDD shares. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, February 1st. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th.

Insider Buying and Selling at 3D Systems

In other 3D Systems news, CEO Jeffrey A. Graves bought 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $3.85 per share, with a total value of $231,000.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the transaction, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EntryPoint Capital LLC grew its holdings in 3D Systems by 51.9% during the 4th quarter. EntryPoint Capital LLC now owns 221,313 shares of the 3D printing company’s stock valued at $726,000 after buying an additional 75,656 shares in the last quarter. American Century Companies Inc. grew its holdings in 3D Systems by 13.2% during the 4th quarter. American Century Companies Inc. now owns 222,307 shares of the 3D printing company’s stock valued at $729,000 after buying an additional 25,873 shares in the last quarter. Virtu Financial LLC purchased a new position in 3D Systems during the 4th quarter valued at approximately $99,000. Intech Investment Management LLC increased its position in 3D Systems by 47.2% in the fourth quarter. Intech Investment Management LLC now owns 76,996 shares of the 3D printing company’s stock worth $253,000 after purchasing an additional 24,673 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in 3D Systems in the fourth quarter worth $39,000. Institutional investors own 64.49% of the company’s stock.

3D Systems Stock Performance

DDD stock opened at $4.38 on Wednesday. The stock’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $3.07. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.75. The stock has a market capitalization of $593.34 million, a PE ratio of -1.10 and a beta of 1.63.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, research analysts forecast that 3D Systems will post -0.73 earnings per share for the current fiscal year.

3D Systems Company Profile

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.