3D Systems Corporation (NYSE:DDD – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.51 and traded as high as $2.74. 3D Systems shares last traded at $2.64, with a volume of 2,190,404 shares.
Analysts Set New Price Targets
Several analysts recently commented on DDD shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.00.
Get Our Latest Stock Analysis on DDD
3D Systems Stock Performance
3D Systems (NYSE:DDD – Get Free Report) last announced its quarterly earnings data 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 company 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, equities analysts forecast that 3D Systems Corporation will post -0.31 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC increased its stake 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 valued at $4,787,000 after purchasing an additional 2,170,415 shares in the last quarter. State Street Corp grew its stake 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 valued at $20,107,000 after buying an additional 1,556,321 shares during the period. Marshall Wace LLP grew its stake in shares of 3D Systems by 596.7% in the 4th quarter. Marshall Wace LLP now owns 1,799,804 shares of the 3D printing company’s stock valued at $3,186,000 after buying an additional 1,541,475 shares during the period. Penn Capital Management Company LLC increased its position in 3D Systems by 992.1% in the 4th quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock valued at $2,288,000 after buying an additional 1,174,038 shares in the last quarter. Finally, Archon Capital Management LLC acquired a new position in 3D Systems during the 4th quarter worth approximately $1,726,000. 64.49% of the stock is owned by institutional investors.
3D Systems Company Profile
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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