Needham & Company LLC Reaffirms “Hold” Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “hold” rating reiterated by stock analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports.

Several other research analysts have also recently commented on DDD. Cantor Fitzgerald lowered their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Saturday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.67.

3D Systems Stock Down 26.7%

DDD stock opened at $1.87 on Wednesday. 3D Systems has a 1-year low of $1.71 and a 1-year high of $5.00. The firm has a market capitalization of $253.47 million, a PE ratio of -0.47 and a beta of 1.94. The business’s 50 day simple moving average is $2.19 and its 200 day simple moving average is $3.05. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Institutional Trading of 3D Systems

Several large investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of 3D Systems by 260.1% in the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after acquiring an additional 149,793 shares during the last quarter. Silverberg Bernstein Capital Management LLC lifted its stake in 3D Systems by 8.2% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 1,323,709 shares of the 3D printing company’s stock valued at $4,342,000 after purchasing an additional 99,950 shares during the last quarter. SG Americas Securities LLC boosted its position in 3D Systems by 19.5% in the fourth quarter. SG Americas Securities LLC now owns 54,530 shares of the 3D printing company’s stock valued at $179,000 after buying an additional 8,913 shares in the last quarter. Inspire Investing LLC grew its stake in shares of 3D Systems by 822.7% during the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock worth $458,000 after buying an additional 124,547 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in shares of 3D Systems by 31.3% during the fourth quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock worth $91,000 after buying an additional 6,615 shares in the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

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.