StockNews.com Upgrades 3D Systems (NYSE:DDD) to Hold

3D Systems (NYSE:DDD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other research firms also recently issued reports on DDD. Cantor Fitzgerald cut their price objective on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Lake Street Capital cut their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Loop Capital lowered their price objective on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Trading Up 0.3 %

Shares of NYSE DDD opened at $2.96 on Thursday. 3D Systems has a 1-year low of $1.72 and a 1-year high of $6.85. The business has a fifty day moving average price of $3.03 and a 200 day moving average price of $3.12. The stock has a market capitalization of $395.38 million, a P/E ratio of -0.74 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.42.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. The firm had revenue of $113.25 million during the quarter, compared to analysts’ expectations of $125.15 million. Equities research analysts expect that 3D Systems will post -0.67 EPS for the current fiscal year.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently bought and sold shares of the business. Barclays PLC raised its position in 3D Systems by 260.1% during the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after acquiring an additional 149,793 shares during the period. Geode Capital Management LLC raised its position in shares of 3D Systems by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after purchasing an additional 38,431 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in 3D Systems in the 3rd quarter valued at about $252,000. XTX Topco Ltd lifted its stake in 3D Systems by 1,844.0% in the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after buying an additional 341,308 shares in the last quarter. Finally, DF Dent & Co. Inc. acquired a new stake in 3D Systems in the 3rd quarter worth about $142,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.