Shares of 3D Systems Corporation (NYSE:DDD – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.46 and traded as high as $3.24. 3D Systems shares last traded at $3.09, with a volume of 2,676,264 shares traded.
Wall Street Analyst Weigh In
DDD has been the subject of several research analyst reports. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price objective on shares of 3D Systems in a report on Wednesday, May 13th. Finally, Weiss Ratings raised 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $5.00.
Check Out Our Latest Stock Report on 3D Systems
3D Systems Trading Down 0.6%
3D Systems (NYSE:DDD – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. The business had revenue of $95.50 million for the quarter, compared to the consensus estimate of $92.39 million. 3D Systems had a negative return on equity of 19.64% and a net margin of 16.10%. On average, analysts anticipate that 3D Systems Corporation will post -0.31 EPS for the current fiscal year.
Institutional Trading of 3D Systems
A number of institutional investors have recently modified their holdings of the company. State Street Corp grew its position in shares of 3D Systems by 15.9% in the 4th quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock worth $20,107,000 after buying an additional 1,556,321 shares during the last quarter. Capital World Investors acquired a new stake in 3D Systems in the third quarter valued at approximately $15,104,000. Geode Capital Management LLC boosted its stake in 3D Systems by 3.4% in the second quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock valued at $4,876,000 after acquiring an additional 105,500 shares in the last quarter. Nuveen LLC grew its holdings in 3D Systems by 406.4% in the fourth quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock worth $4,787,000 after purchasing an additional 2,170,415 shares during the last quarter. Finally, Icon Advisers Inc. Co. grew its holdings in 3D Systems by 23.8% in the third quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock worth $7,540,000 after purchasing an additional 500,000 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.
About 3D Systems
3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.
The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.
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