3D Systems Corporation (NYSE:DDD) Stock Has Average Price Target of $5.50

3D Systems Corporation (NYSE:DDD) has earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $5.50.

A number of equities research analysts have recently commented on DDD shares. Craig Hallum raised 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Tuesday, August 4th. Weiss Ratings lowered 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th.

3D Systems Trading Down 0.3%

NYSE:DDD opened at $3.56 on Wednesday. 3D Systems has a 12-month low of $1.70 and a 12-month high of $4.12. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $3.26 and its 200-day simple moving average is $2.87. The firm has a market cap of $591.49 million, a P/E ratio of -8.68 and a beta of 2.75.

3D Systems (NYSE:DDD) last issued its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. The company had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.01 million. Equities analysts anticipate that 3D Systems will post -0.23 EPS for the current year.

Insider Activity at 3D Systems

In related news, CEO Jeffrey Graves sold 42,686 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $3.55, for a total value of $151,535.30. Following the transaction, the chief executive officer directly owned 1,231,596 shares of the company’s stock, valued at approximately $4,372,165.80. This trade represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of 3D Systems during the second quarter worth $1,221,000. Dimensional Fund Advisors LP boosted its position in 3D Systems by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company’s stock valued at $3,537,000 after buying an additional 320,427 shares during the last quarter. Penn Capital Management Company LLC increased its position in shares of 3D Systems by 992.1% during the fourth quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock worth $2,288,000 after acquiring an additional 1,174,038 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of 3D Systems by 16.2% in the first quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company’s stock worth $2,180,000 after acquiring an additional 161,643 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in 3D Systems during the 2nd quarter worth approximately $774,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Company Profile

3D Systems Corporation (NYSE:DDD) develops and provides additive manufacturing, commonly known as 3D printing, technologies for industrial and healthcare applications. The company offers 3D printers, printing materials, software, design and production services, and related support to help customers move from product development and prototyping to production.

Its solutions serve industries including aerospace and defense, automotive, healthcare, dental, consumer products, and general manufacturing.