DDD has been the topic of a number of other research reports. Zacks Investment Research lowered 3D Systems from a hold rating to a strong sell rating in a research note on Monday. Bank of America reduced their target price on 3D Systems from $10.00 to $9.00 and set an underperform rating on the stock in a research note on Wednesday, May 8th. TheStreet raised 3D Systems from a d rating to a c- rating in a research note on Thursday, March 21st. Craig Hallum began coverage on 3D Systems in a research note on Monday, April 22nd. They issued a hold rating and a $12.00 target price on the stock. Finally, Piper Jaffray Companies raised 3D Systems from a neutral rating to an overweight rating and set a $17.00 target price on the stock in a research note on Tuesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $12.83.
Shares of NYSE:DDD traded down $0.11 during trading on Tuesday, hitting $8.67. 7,347 shares of the stock were exchanged, compared to its average volume of 2,356,402. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -23.46 and a beta of 1.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.78. 3D Systems has a 12-month low of $7.95 and a 12-month high of $21.78.
3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, May 7th. The 3D printing company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.13). The firm had revenue of $152.00 million for the quarter, compared to analysts’ expectations of $164.69 million. 3D Systems had a negative return on equity of 6.26% and a negative net margin of 7.26%. 3D Systems’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS. On average, equities analysts anticipate that 3D Systems will post -0.35 earnings per share for the current year.
In related news, insider Vyomesh Joshi bought 29,920 shares of 3D Systems stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of $8.22 per share, with a total value of $245,942.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of DDD. Bank of New York Mellon Corp raised its holdings in 3D Systems by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,382,491 shares of the 3D printing company’s stock valued at $26,129,000 after acquiring an additional 69,112 shares during the last quarter. Vanguard Group Inc. raised its holdings in 3D Systems by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,080,845 shares of the 3D printing company’s stock valued at $209,428,000 after acquiring an additional 266,928 shares during the last quarter. Teachers Advisors LLC raised its holdings in 3D Systems by 1.1% in the 3rd quarter. Teachers Advisors LLC now owns 209,336 shares of the 3D printing company’s stock valued at $3,956,000 after acquiring an additional 2,209 shares during the last quarter. Cowen Prime Services LLC raised its holdings in 3D Systems by 10.7% in the 4th quarter. Cowen Prime Services LLC now owns 125,466 shares of the 3D printing company’s stock valued at $1,276,000 after acquiring an additional 12,100 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in 3D Systems in the 4th quarter valued at $84,000. Institutional investors own 68.55% of the company’s stock.
About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
Recommended Story: How is the discount rate different from the Federal Funds rate?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for 3D Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems and related companies with MarketBeat.com's FREE daily email newsletter.