3D Systems (NYSE:DDD) Shares Down 7.1% – Time to Sell?

3D Systems Corporation (NYSE:DDD – Get Free Report)’s stock price traded down 7.1% during trading on Monday. The company traded as low as $3.49 and last traded at $3.51. 407,178 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 3,598,967 shares. The stock had previously closed at $3.78.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Craig Hallum upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Tuesday, August 4th. Weiss Ratings lowered 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.50.

Check Out Our Latest Analysis on 3D Systems

3D Systems Stock Performance

The company has a market cap of $596.48 million, a PE ratio of -8.76 and a beta of 2.77. The stock’s 50 day simple moving average is $3.39 and its two-hundred day simple moving average is $2.93. The company has a quick ratio of 2.27, a current ratio of 3.40 and a debt-to-equity ratio of 0.32.

3D Systems (NYSE:DDD – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.01 million. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. As a group, research analysts anticipate that 3D Systems Corporation will post -0.23 earnings per share for the current year.

Insider Transactions at 3D Systems

In other 3D Systems news, CEO Jeffrey Graves sold 42,686 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $3.55, for a total transaction of $151,535.30. Following the completion of the sale, the chief executive officer directly owned 1,231,596 shares in the company, valued at $4,372,165.80. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.99% of the company’s stock.

Institutional Trading of 3D Systems

A number of institutional investors have recently modified their holdings of DDD. WINTON GROUP Ltd acquired a new stake in 3D Systems during the 2nd quarter worth approximately $56,000. Engineers Gate Manager LP acquired a new position in 3D Systems during the second quarter valued at approximately $394,000. NewEdge Advisors LLC grew its stake in 3D Systems by 87.4% during the second quarter. NewEdge Advisors LLC now owns 11,873 shares of the 3D printing company’s stock worth $36,000 after buying an additional 5,538 shares during the period. Squarepoint Ops LLC purchased a new stake in 3D Systems during the second quarter worth approximately $774,000. Finally, Headlands Technologies LLC increased its position in shares of 3D Systems by 217.7% in the second quarter. Headlands Technologies LLC now owns 47,786 shares of the 3D printing company’s stock worth $144,000 after acquiring an additional 32,744 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

About 3D Systems

(Get Free Report)

3D Systems Corporation (NYSE: DDD) develops and provides additive manufacturing technologies, commonly known as 3D printing. The company serves industrial and healthcare customers with systems designed to produce prototypes, production parts, models, and customized components.

Its offerings include 3D printers, printing materials, software, and related services. The company supports multiple additive manufacturing processes and materials, including polymer and metal-based technologies, and provides design, engineering, production, and healthcare solutions for applications such as aerospace, automotive, medical devices, dental products, and industrial manufacturing.

Founded in 1986 by Chuck Hull, the inventor of stereolithography, 3D Systems is widely recognized as one of the pioneers of commercial 3D printing.

Further Reading

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