3D Systems (DDD) Raised to Hold at ValuEngine

3D Systems (NYSE:DDD) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, November 9th.

Several other equities analysts also recently issued reports on the company. Piper Jaffray Companies reissued a “sell” rating and issued a $10.00 target price on shares of 3D Systems in a research report on Wednesday, November 1st. Bank of America downgraded 3D Systems from a “buy” rating to an “underperform” rating and increased their price target for the stock from $9.63 to $12.38 in a research report on Wednesday, November 1st. Susquehanna Bancshares started coverage on 3D Systems in a research report on Thursday, July 13th. They set a “neutral” rating and a $16.00 price target on the stock. Citigroup dropped their target price on 3D Systems from $13.00 to $8.50 and set a “sell” rating on the stock in a research report on Thursday, November 2nd. Finally, Zacks Investment Research cut 3D Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a strong buy rating to the company’s stock. 3D Systems has a consensus rating of “Hold” and an average price target of $12.97.

3D Systems (DDD) traded up $0.35 during trading on Thursday, reaching $9.29. The company’s stock had a trading volume of 3,002,763 shares, compared to its average volume of 2,693,290. 3D Systems has a one year low of $7.92 and a one year high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The business had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. During the same quarter in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. analysts anticipate that 3D Systems will post -0.3 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. River & Mercantile Asset Management LLP grew its stake in shares of 3D Systems by 113.5% in the second quarter. River & Mercantile Asset Management LLP now owns 120,121 shares of the 3D printing company’s stock worth $2,246,000 after acquiring an additional 63,851 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of 3D Systems during the 2nd quarter worth $5,143,000. Thrivent Financial For Lutherans lifted its position in shares of 3D Systems by 9.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 19,950 shares of the 3D printing company’s stock worth $298,000 after purchasing an additional 1,680 shares during the last quarter. Concourse Capital Management LLC lifted its position in shares of 3D Systems by 436.3% during the 2nd quarter. Concourse Capital Management LLC now owns 63,337 shares of the 3D printing company’s stock worth $1,184,000 after purchasing an additional 51,527 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of 3D Systems by 10.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 406,892 shares of the 3D printing company’s stock worth $6,087,000 after purchasing an additional 37,604 shares during the last quarter. Institutional investors and hedge funds own 60.55% of the company’s stock.

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3D Systems Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for 3D Systems (NYSE:DDD)

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