3D Systems Co. (NYSE:DDD) Receives Average Rating of “Hold” from Analysts

Shares of 3D Systems Co. (NYSE:DDD) have received an average recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.67.

DDD has been the subject of several recent research reports. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. Cantor Fitzgerald cut their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, May 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Wednesday, May 14th.

3D Systems Stock Performance

Shares of DDD stock opened at $1.73 on Friday. The stock has a fifty day moving average price of $2.09 and a 200 day moving average price of $2.99. The stock has a market cap of $235.31 million, a PE ratio of -0.43 and a beta of 1.94. 3D Systems has a 1 year low of $1.65 and a 1 year high of $5.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Institutional Trading of 3D Systems

Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in shares of 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 12,900 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of 3D Systems in the first quarter valued at about $143,000. AQR Capital Management LLC acquired a new position in 3D Systems in the first quarter worth about $205,000. Cubist Systematic Strategies LLC acquired a new stake in shares of 3D Systems during the first quarter worth approximately $615,000. Finally, Royal Bank of Canada increased its holdings in shares of 3D Systems by 7.7% during the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company’s stock worth $3,242,000 after buying an additional 109,467 shares in the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

About 3D Systems

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.