Weiss Ratings Reiterates “Sell (D-)” Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the stock. Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, 3D Systems presently has an average rating of “Hold” and an average price target of $3.25.

3D Systems Trading Up 1.7 %

Shares of DDD stock opened at $4.62 on Wednesday. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.38. 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 firm has a market capitalization of $625.89 million, a PE ratio of -1.16 and a beta of 1.63. The stock has a fifty day simple moving average of $3.72 and a two-hundred day simple moving average of $3.12.

3D Systems (NYSE:DDD) last issued its quarterly 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 return on equity of 26.72% and a negative net margin of 117.65%. On average, analysts predict that 3D Systems will post -0.73 EPS for the current fiscal year.

Insider Activity at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of $3.85 per share, with a total value of $231,000.00. Following the purchase, the chief executive officer now 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 insiders.

Institutional Trading of 3D Systems

Several institutional investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC increased its position in shares of 3D Systems by 13.8% during the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock worth $14,478,000 after acquiring an additional 535,287 shares during the period. Exchange Traded Concepts LLC increased its position in shares of 3D Systems by 2.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock worth $10,506,000 after acquiring an additional 68,530 shares during the period. Geode Capital Management LLC increased its position in shares of 3D Systems by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after acquiring an additional 38,431 shares during the period. Icon Advisers Inc. Co. purchased a new position in shares of 3D Systems during the fourth quarter worth approximately $5,248,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of 3D Systems during the fourth quarter worth approximately $5,214,000. 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.