3D Systems Corporation (NYSE:DDD) Receives $5.50 Average PT from Brokerages

3D Systems Corporation (NYSE:DDD) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.50.

DDD has been the topic of several recent research reports. Craig Hallum raised shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Tuesday, August 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of 3D Systems in a report on Wednesday, May 13th. Finally, Weiss Ratings downgraded 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th.

Insider Buying and Selling at 3D Systems

In related news, CEO Jeffrey Graves sold 115,500 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $3.26, for a total value of $376,530.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,241 shares in the company, valued at $4,284,425.66. The trade was a 8.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.99% of the stock is currently owned by company insiders.

Institutional Trading of 3D Systems

Several institutional investors have recently bought and sold shares of DDD. Royal Bank of Canada raised its stake in shares of 3D Systems by 7.7% during the 1st quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company’s stock worth $3,242,000 after buying an additional 109,467 shares during the period. AQR Capital Management LLC acquired a new stake in shares of 3D Systems in the first quarter valued at about $205,000. Jacobs Levy Equity Management Inc. acquired a new stake in 3D Systems in the 1st quarter worth about $143,000. NewEdge Advisors LLC increased its stake in 3D Systems by 5,139.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after buying an additional 12,900 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in 3D Systems during the 1st quarter worth approximately $205,000. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Price Performance

Shares of DDD opened at $3.45 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 2.27. The company’s fifty day moving average price is $3.11 and its 200-day moving average price is $2.73. 3D Systems has a 1-year low of $1.70 and a 1-year high of $4.12. The firm has a market capitalization of $573.22 million, a PE ratio of -8.41 and a beta of 2.75.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 19.56% and a negative net margin of 14.15%. On average, equities research analysts predict that 3D Systems will post -0.23 EPS for the current year.

3D Systems Company Profile

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.