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

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

Other analysts also recently issued reports about the stock. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Lake Street Capital dropped their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald dropped their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Loop Capital dropped their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, 3D Systems currently has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Price Performance

Shares of DDD stock opened at $2.95 on Friday. The firm has a market cap of $400.08 million, a P/E ratio of -0.74 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.42. 3D Systems has a 1-year low of $1.72 and a 1-year high of $6.85. The firm has a fifty day moving average of $3.03 and a two-hundred day moving average of $3.12.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. The business had revenue of $113.25 million during the quarter, compared to analyst estimates of $125.15 million. As a group, research analysts anticipate that 3D Systems will post -0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in 3D Systems by 0.7% during the first quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock valued at $63,127,000 after purchasing an additional 98,797 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in 3D Systems by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 116,215 shares of the 3D printing company’s stock valued at $516,000 after purchasing an additional 16,621 shares in the last quarter. Tidal Investments LLC purchased a new position in 3D Systems during the first quarter valued at approximately $271,000. Silverberg Bernstein Capital Management LLC grew its position in 3D Systems by 14.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 921,275 shares of the 3D printing company’s stock worth $2,828,000 after acquiring an additional 118,096 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares in the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.