3D Systems Co. (NYSE:DDD) Given Consensus Recommendation of “Hold” by Analysts

3D Systems Co. (NYSE:DDD) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.25.

A number of research analysts have recently issued reports on DDD shares. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Saturday. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a report on Thursday, December 12th.

Insider Buying and Selling at 3D Systems

In other news, CEO Jeffrey A. Graves acquired 60,000 shares of the business’s 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 completion of the acquisition, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. This represents a 5.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the transaction, the executive vice president now directly owns 331,955 shares in the company, 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 company insiders.

Institutional Investors Weigh In On 3D Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Weiss Asset Management LP acquired a new stake in shares of 3D Systems during the third quarter valued at approximately $1,143,000. XTX Topco Ltd grew its position in 3D Systems by 1,844.0% during the 3rd 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. Barclays PLC raised its stake in 3D Systems by 260.1% during the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock valued at $589,000 after purchasing an additional 149,793 shares during the period. Geode Capital Management LLC lifted its holdings in shares of 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after purchasing an additional 38,431 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of 3D Systems by 822.7% in the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock worth $458,000 after buying an additional 124,547 shares during the period. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Up 23.8 %

Shares of NYSE:DDD opened at $4.63 on Wednesday. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.75. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The firm has a market cap of $627.92 million, a PE ratio of -1.16 and a beta of 1.63. The company has a fifty day simple moving average of $3.37 and a 200 day simple moving average of $3.05.

3D Systems (NYSE:DDD) last issued its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts anticipate that 3D Systems will post -0.73 EPS for the current fiscal year.

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.