Insider Selling: 3D Systems Co. (NYSE:DDD) EVP Sells 20,068 Shares of Stock

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3D Systems Co. (NYSE:DDD) EVP Andrew Martin Johnson sold 20,068 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $9.62, for a total value of $193,054.16. Following the completion of the transaction, the executive vice president now directly owns 196,180 shares in the company, valued at approximately $1,887,251.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of DDD stock opened at $9.42 on Friday. 3D Systems Co. has a twelve month low of $6.47 and a twelve month high of $14.50. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -25.46 and a beta of 2.06. The stock has a fifty day simple moving average of $8.44 and a two-hundred day simple moving average of $8.48. The company has a current ratio of 2.29, a quick ratio of 1.57 and a debt-to-equity ratio of 0.11.

3D Systems (NYSE:DDD) last issued its earnings results on Wednesday, August 7th. The 3D printing company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.07). 3D Systems had a negative return on equity of 9.77% and a negative net margin of 10.74%. The firm had revenue of $157.30 million during the quarter, compared to analysts’ expectations of $160.74 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. 3D Systems’s quarterly revenue was down 11.1% compared to the same quarter last year. Research analysts predict that 3D Systems Co. will post -0.38 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. CWM LLC lifted its holdings in shares of 3D Systems by 823.5% in the 2nd quarter. CWM LLC now owns 3,925 shares of the 3D printing company’s stock worth $36,000 after buying an additional 3,500 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of 3D Systems in the 3rd quarter worth $40,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 3D Systems by 30.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,299 shares of the 3D printing company’s stock worth $68,000 after buying an additional 1,949 shares during the period. Captrust Financial Advisors lifted its holdings in shares of 3D Systems by 9,413.0% in the 2nd quarter. Captrust Financial Advisors now owns 10,940 shares of the 3D printing company’s stock worth $100,000 after buying an additional 10,825 shares during the period. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of 3D Systems by 16.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,640 shares of the 3D printing company’s stock worth $115,000 after buying an additional 1,744 shares during the period. Institutional investors and hedge funds own 71.87% of the company’s stock.

Several equities analysts have commented on DDD shares. ValuEngine raised 3D Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Zacks Investment Research raised 3D Systems from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a research report on Tuesday, August 13th. B. Riley reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of 3D Systems in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. downgraded 3D Systems from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $7.00 in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. 3D Systems currently has a consensus rating of “Hold” and a consensus price target of $9.33.

About 3D Systems

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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