3D Systems Co. (NYSE:DDD) CEO Acquires $231,000.00 in Stock

3D Systems Co. (NYSE:DDD) CEO Jeffrey A. Graves bought 60,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $3.85 per share, with a total value of $231,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

3D Systems Stock Performance

NYSE DDD traded down $0.22 during trading on Wednesday, reaching $3.58. 3,383,472 shares of the company’s stock were exchanged, compared to its average volume of 2,334,856. The stock has a market capitalization of $485.52 million, a P/E ratio of -0.90 and a beta of 1.64. The business has a 50 day moving average price of $3.19 and a 200-day moving average price of $3.08. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC raised its holdings in shares of 3D Systems by 6.4% in the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock worth $149,000 after purchasing an additional 3,166 shares during the period. Inspire Investing LLC raised its stake in shares of 3D Systems by 33.7% during the third quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock worth $43,000 after acquiring an additional 3,818 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of 3D Systems by 14.4% in the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock worth $133,000 after buying an additional 5,884 shares during the period. Impact Partnership Wealth LLC boosted its stake in shares of 3D Systems by 49.4% during the third quarter. Impact Partnership Wealth LLC now owns 21,157 shares of the 3D printing company’s stock valued at $60,000 after purchasing an additional 6,992 shares during the period. Finally, SG Americas Securities LLC increased its holdings in 3D Systems by 23.8% during the 3rd quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock valued at $130,000 after purchasing an additional 8,769 shares during the period. 64.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Lake Street Capital dropped their target price on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Cantor Fitzgerald cut their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Loop Capital lowered their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, 3D Systems presently has an average rating of “Hold” and an average price target of $3.25.

About 3D Systems

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.