3D Systems (NYSE:DDD) Receives Hold Rating from Needham & Company LLC

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

Several other research analysts have also recently commented on the stock. Loop Capital lowered their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald dropped their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a report on Friday, August 30th. Lake Street Capital reduced their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, StockNews.com cut 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Price Performance

NYSE:DDD opened at $2.84 on Friday. The company has a market cap of $379.34 million, a P/E ratio of -1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.46 and a quick ratio of 2.42. 3D Systems has a one year low of $1.72 and a one year high of $6.85. The firm’s fifty day moving average price is $2.87 and its two-hundred day moving average price is $3.16.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. The firm had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. Equities analysts expect that 3D Systems will post -0.67 earnings per share for the current year.

Institutional Trading of 3D Systems

Several large investors have recently bought and sold shares of the business. Inspire Investing LLC acquired a new stake in 3D Systems in the second quarter valued at approximately $35,000. Foundations Investment Advisors LLC acquired a new position in 3D Systems in the 2nd quarter worth about $37,000. Mizuho Securities Co. Ltd. bought a new position in 3D Systems in the second quarter valued at about $38,000. Ballentine Partners LLC acquired a new stake in shares of 3D Systems during the third quarter valued at about $36,000. Finally, Algert Global LLC acquired a new stake in shares of 3D Systems during the second quarter valued at about $41,000. 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.