ValuEngine lowered shares of 3D Systems Corporation (NYSE:DDD) from a hold rating to a sell rating in a report published on Thursday, November 2nd.
A number of other equities analysts have also recently commented on DDD. Stifel Nicolaus reaffirmed a hold rating and set a $11.00 price target (down from $15.00) on shares of 3D Systems Corporation in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of 3D Systems Corporation from a hold rating to a strong sell rating in a research report on Tuesday, August 8th. Loop Capital reissued a hold rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. Canaccord Genuity reissued a neutral rating on shares of 3D Systems Corporation in a research report on Wednesday, November 1st. Finally, J P Morgan Chase & Co lowered their price objective on shares of 3D Systems Corporation from $13.00 to $11.00 and set a neutral rating for the company in a research report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $13.24.
3D Systems Corporation (NYSE:DDD) traded down $0.05 during mid-day trading on Thursday, hitting $8.11. 1,959,241 shares of the company were exchanged, compared to its average volume of 2,680,780. 3D Systems Corporation has a 52-week low of $8.01 and a 52-week high of $23.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94.
3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). 3D Systems Corporation had a negative return on equity of 5.85% and a negative net margin of 8.01%. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. During the same period in the prior year, the firm posted $0.14 earnings per share. 3D Systems Corporation’s revenue for the quarter was down 2.2% on a year-over-year basis. research analysts expect that 3D Systems Corporation will post -0.3 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of 3D Systems Corporation by 23,856.2% during the 1st quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock worth $169,471,000 after acquiring an additional 11,280,863 shares in the last quarter. Vanguard Group Inc. increased its stake in 3D Systems Corporation by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock valued at $169,369,000 after purchasing an additional 446,186 shares in the last quarter. Villere ST Denis J & Co. LLC increased its stake in 3D Systems Corporation by 1.4% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 4,953,090 shares of the 3D printing company’s stock valued at $66,321,000 after purchasing an additional 68,300 shares in the last quarter. State Street Corp increased its stake in 3D Systems Corporation by 4.0% during the 2nd quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock valued at $64,779,000 after purchasing an additional 134,652 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in 3D Systems Corporation by 294.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock valued at $34,115,000 after purchasing an additional 1,901,406 shares in the last quarter. Hedge funds and other institutional investors own 58.72% of the company’s stock.
About 3D Systems Corporation
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.
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