Brokerages Set 3D Systems Co. (NYSE:DDD) PT at $3.25

3D Systems Co. (NYSE:DDD) has earned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.25.

DDD has been the topic of a number of recent research reports. Loop Capital cut their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Lake Street Capital reduced their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald decreased their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a report on Friday, August 30th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Thursday, December 12th.

Insiders Place Their Bets

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. The trade was a 25.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the purchase, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently bought and sold shares of the stock. Weiss Asset Management LP bought a new stake in 3D Systems during the 3rd quarter worth approximately $1,143,000. XTX Topco Ltd increased its stake in shares of 3D Systems by 1,844.0% in the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after purchasing an additional 341,308 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of 3D Systems during the 2nd quarter valued at $824,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of 3D Systems by 85.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after buying an additional 403,175 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in 3D Systems by 32.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after buying an additional 302,484 shares during the period. 64.49% of the stock is owned by institutional investors.

3D Systems Stock Performance

3D Systems stock opened at $3.55 on Tuesday. 3D Systems has a twelve month low of $1.72 and a twelve month high of $6.85. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $481.45 million, a P/E ratio of -0.89 and a beta of 1.64. The stock’s 50 day moving average is $3.20 and its 200 day moving average is $3.09.

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.