3D Systems (NYSE:DDD) Stock Rating Upgraded by StockNews.com

3D Systems (NYSE:DDD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other analysts also recently issued reports on DDD. Loop Capital dropped their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Lake Street Capital dropped their price target on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Friday, November 15th. Finally, Cantor Fitzgerald dropped their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Trading Down 13.5 %

3D Systems stock traded down $0.46 during mid-day trading on Thursday, hitting $2.95. 6,307,721 shares of the company’s stock were exchanged, compared to its average volume of 2,261,879. The firm has a market capitalization of $394.03 million, a P/E ratio of -1.08 and a beta of 1.65. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The company has a quick ratio of 2.42, a current ratio of 3.46 and a debt-to-equity ratio of 0.55. The company’s 50 day simple moving average is $3.03 and its 200-day simple moving average is $3.12.

3D Systems (NYSE:DDD) last issued its quarterly earnings data 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). The business had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. On average, equities analysts anticipate that 3D Systems will post -0.67 earnings per share for the current year.

Institutional Trading of 3D Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of 3D Systems by 0.7% in 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 acquiring an additional 98,797 shares during the last quarter. ARK Investment Management LLC grew its holdings in 3D Systems by 26.0% during the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after purchasing an additional 799,157 shares during the period. Geode Capital Management LLC grew its holdings in 3D Systems by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after purchasing an additional 38,431 shares during the period. Silverberg Bernstein Capital Management LLC grew its holdings in 3D Systems by 32.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after purchasing an additional 302,484 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in 3D Systems by 13.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock worth $2,821,000 after purchasing an additional 116,158 shares during the period. Institutional investors and hedge funds own 64.49% of the company’s stock.

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.