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

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

Several other research analysts also recently issued reports on the stock. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, 3D Systems has an average rating of “Hold” and an average price target of $3.25.

3D Systems Trading Up 0.2 %

Shares of NYSE DDD opened at $3.12 on Wednesday. The firm’s 50 day moving average price is $3.28 and its 200-day moving average price is $3.05. The company has a market cap of $422.46 million, a PE ratio of -0.78 and a beta of 1.61. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.75. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Insider Activity

In other news, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 of the company’s stock, valued at $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. The trade was 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 corporate insiders.

Institutional Trading of 3D Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its holdings in 3D Systems by 6.4% during the third quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after buying an additional 3,166 shares during the last quarter. Inspire Investing LLC increased its holdings in 3D Systems by 33.7% during the third quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock valued at $43,000 after buying an additional 3,818 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in 3D Systems by 14.4% during the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock valued at $133,000 after buying an additional 5,884 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in 3D Systems by 49.4% during the third quarter. Impact Partnership Wealth LLC now owns 21,157 shares of the 3D printing company’s stock valued at $60,000 after buying an additional 6,992 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in 3D Systems by 23.8% during the third quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock valued at $130,000 after buying an additional 8,769 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.