3D Systems Co. (NYSE:DDD) Receives $3.25 Consensus Price Target from Analysts

3D Systems Co. (NYSE:DDD) has received an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.25.

A number of research firms have commented on DDD. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Cantor Fitzgerald lowered their price objective on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research report on Friday, August 30th. 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. Loop Capital decreased 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Thursday, December 12th.

3D Systems Stock Performance

Shares of 3D Systems stock opened at $3.36 on Tuesday. The firm has a market cap of $455.68 million, a PE ratio of -0.84 and a beta of 1.64. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems has a 52 week low of $1.72 and a 52 week high of $6.85. The business’s fifty day simple moving average is $3.22 and its 200-day simple moving average is $3.07.

Insiders Place Their Bets

In other news, CEO Jeffrey A. Graves bought 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the transaction, the executive vice president now owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On 3D Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Weiss Asset Management LP purchased a new position in 3D Systems in the third quarter valued at $1,143,000. XTX Topco Ltd boosted its position in shares of 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after acquiring an additional 341,308 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of 3D Systems in the 2nd quarter valued at about $824,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of 3D Systems by 85.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC lifted its stake 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 last quarter. 64.49% of the stock is currently owned by institutional investors and hedge funds.

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.