Needham & Company LLC Reiterates “Hold” Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “hold” rating reissued by investment analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports.

A number of other equities analysts have also recently weighed in on DDD. Lake Street Capital cut their price target on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Cantor Fitzgerald reduced their target price 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. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Loop Capital cut 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 report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Performance

Shares of DDD opened at $2.97 on Friday. 3D Systems has a 12-month low of $1.72 and a 12-month high of $6.85. The stock has a market cap of $396.71 million, a P/E ratio of -0.75 and a beta of 1.65. The company has a current ratio of 3.31, a quick ratio of 2.42 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average of $3.04 and a two-hundred day moving average of $3.12.

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 the consensus estimate of ($0.06) by ($0.11). The company had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, research analysts predict that 3D Systems will post -0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in 3D Systems in the third quarter valued at $25,000. Murchinson Ltd. acquired a new position in shares of 3D Systems in the 3rd quarter valued at about $28,000. HighTower Advisors LLC acquired a new position in shares of 3D Systems in the 3rd quarter valued at about $31,000. Inspire Investing LLC purchased a new stake in shares of 3D Systems during the 2nd quarter worth about $35,000. Finally, Foundations Investment Advisors LLC purchased a new position in 3D Systems in the second quarter valued at approximately $37,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

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.