Weiss Ratings Reaffirms Sell (D-) Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reaffirmed by equities research analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

DDD has been the subject of a number of other reports. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Trading Up 4.0 %

Shares of DDD opened at $3.75 on Friday. The stock has a fifty day moving average of $3.35 and a two-hundred day moving average of $3.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The company has a market capitalization of $507.90 million, a PE ratio of -0.94 and a beta of 1.63. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.75.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. As a group, analysts forecast that 3D Systems will post -0.73 EPS for the current year.

Insider Activity at 3D Systems

In other news, CEO Jeffrey A. Graves acquired 60,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction dated 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 approximately $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On 3D Systems

Several large investors have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its position in shares of 3D Systems by 496.9% during the fourth quarter. New York State Common Retirement Fund now owns 21,502 shares of the 3D printing company’s stock worth $71,000 after purchasing an additional 17,900 shares during the last quarter. Rhumbline Advisers lifted its position in shares of 3D Systems by 2.2% during the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock worth $680,000 after purchasing an additional 4,451 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of 3D Systems by 230.6% during the fourth quarter. Vontobel Holding Ltd. now owns 52,900 shares of the 3D printing company’s stock worth $174,000 after purchasing an additional 36,900 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of 3D Systems by 104.5% during the fourth quarter. Pacer Advisors Inc. now owns 18,465 shares of the 3D printing company’s stock worth $61,000 after purchasing an additional 9,434 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares during the last quarter. 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.