Weekly Investment Analysts’ Ratings Changes for 3D Systems (DDD)

Several analysts have recently updated their ratings and price targets for 3D Systems (NYSE: DDD):

• 12/12/2024 – 3D Systems was upgraded by analysts at Craig Hallum to a “hold” rating.
• 12/12/2024 – 3D Systems had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 11/29/2024 – 3D Systems had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 11/28/2024 – 3D Systems was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/15/2024 – 3D Systems had its “hold” rating reaffirmed by analysts at Needham & Company LLC.

3D Systems Stock Performance

NYSE DDD opened at $3.79 on Wednesday. The stock has a market cap of $514.00 million, a PE ratio of -0.95 and a beta of 1.64. 3D Systems Co. has a twelve month low of $1.72 and a twelve month high of $6.85. The stock has a fifty day simple moving average of $3.18 and a 200-day simple moving average of $3.08. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Institutional Investors Weigh In On 3D Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares in the last quarter. ARK Investment Management LLC increased its holdings in 3D Systems by 6.4% during the 2nd quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock worth $9,454,000 after purchasing an additional 185,347 shares during the period. Mizuho Securities Co. Ltd. purchased a new stake in 3D Systems during the 2nd quarter worth about $38,000. Wealth Effects LLC raised its position in 3D Systems by 54.0% in the 2nd quarter. Wealth Effects LLC now owns 227,900 shares of the 3D printing company’s stock valued at $700,000 after purchasing an additional 79,870 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in shares of 3D Systems in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.