3D Systems (NYSE:DDD) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other research firms also recently commented on DDD. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a research report on Tuesday. Leerink Partners restated an “outperform” rating on shares of 3D Systems in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, 3D Systems has an average rating of “Hold” and a consensus price target of $5.00.

3D Systems Stock Performance

DDD opened at $2.44 on Friday. The stock has a market capitalization of $356.41 million, a price-to-earnings ratio of -244,000.00 and a beta of 2.39. The company has a fifty day moving average of $2.27 and a 200 day moving average of $2.36. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $3.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.73 and a current ratio of 2.87.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Monday, March 9th. The 3D printing company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). 3D Systems had a net margin of 7.72% and a negative return on equity of 34.60%. The company had revenue of $106.30 million during the quarter, compared to the consensus estimate of $97.99 million. As a group, sell-side analysts forecast that 3D Systems will post -0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State Street Corp raised its holdings in shares of 3D Systems by 15.9% in the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock worth $20,107,000 after buying an additional 1,556,321 shares during the period. Capital World Investors purchased a new position in 3D Systems during the 3rd quarter valued at $15,104,000. Geode Capital Management LLC grew its position in 3D Systems by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock valued at $4,876,000 after acquiring an additional 105,500 shares during the last quarter. Nuveen LLC grew its position in 3D Systems by 406.4% in the 4th quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock valued at $4,787,000 after acquiring an additional 2,170,415 shares during the last quarter. Finally, Icon Advisers Inc. Co. increased its stake in 3D Systems by 23.8% in the third quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock worth $7,540,000 after purchasing an additional 500,000 shares during the period. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.