Shares of 3D Systems Corporation (NYSE:DDD – Get Free Report) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.50.
A number of equities research analysts have recently weighed in on the stock. Craig Hallum raised shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Tuesday, August 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a research note on Wednesday, May 13th. Finally, Weiss Ratings cut 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th.
Read Our Latest Analysis on 3D Systems
Insider Activity
Institutional Investors Weigh In On 3D Systems
A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in 3D Systems by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company’s stock worth $3,537,000 after buying an additional 320,427 shares during the last quarter. Penn Capital Management Company LLC lifted its stake in 3D Systems by 992.1% during 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 acquiring an additional 1,174,038 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of 3D Systems by 16.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company’s stock valued at $2,180,000 after acquiring an additional 161,643 shares during the last quarter. UBS Group AG boosted its holdings in shares of 3D Systems by 83.1% in the 4th quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company’s stock valued at $3,749,000 after acquiring an additional 961,166 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of 3D Systems by 96.7% in the first quarter. Pacer Advisors Inc. now owns 83,574 shares of the 3D printing company’s stock worth $157,000 after acquiring an additional 41,096 shares during the period. Hedge funds and other institutional investors own 64.49% of the company’s stock.
3D Systems Stock Down 4.4%
NYSE:DDD opened at $3.28 on Friday. The company has a market cap of $544.97 million, a PE ratio of -8.00 and a beta of 2.73. 3D Systems has a twelve month low of $1.70 and a twelve month high of $4.12. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $3.08 and its two-hundred day moving average is $2.69.
3D Systems (NYSE:DDD – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.01 million. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. Analysts anticipate that 3D Systems will post -0.23 EPS for the current year.
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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