3D Systems Co. (NYSE:DDD) Receives Consensus Rating of “Hold” from Brokerages

3D Systems Co. (NYSE:DDDGet Rating) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.67.

Several research firms have weighed in on DDD. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Bank of America decreased their price objective on 3D Systems from $23.00 to $12.00 in a report on Tuesday, May 10th. Finally, Craig Hallum decreased their price objective on 3D Systems from $18.00 to $10.00 in a report on Wednesday, May 11th.

Insider Transactions at 3D Systems

In related news, Director Jim D. Kever purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were bought at an average price of $10.65 per share, for a total transaction of $106,500.00. Following the acquisition, the director now owns 404,672 shares of the company’s stock, valued at approximately $4,309,756.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jim D. Kever purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The shares were bought at an average price of $10.65 per share, for a total transaction of $106,500.00. Following the acquisition, the director now owns 404,672 shares of the company’s stock, valued at approximately $4,309,756.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Graves purchased 10,141 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average price of $10.50 per share, for a total transaction of $106,480.50. Following the acquisition, the chief executive officer now directly owns 577,158 shares in the company, valued at approximately $6,060,159. The disclosure for this purchase can be found here. Insiders own 3.45% of the company’s stock.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System increased its stake in 3D Systems by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 179,702 shares of the 3D printing company’s stock worth $3,871,000 after purchasing an additional 1,536 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in 3D Systems in the fourth quarter worth $1,067,000. Avantax Planning Partners Inc. purchased a new stake in 3D Systems in the fourth quarter worth $345,000. Commonwealth Equity Services LLC increased its stake in 3D Systems by 137.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 41,428 shares of the 3D printing company’s stock worth $892,000 after purchasing an additional 23,991 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in 3D Systems by 19.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 115,581 shares of the 3D printing company’s stock worth $2,490,000 after purchasing an additional 18,892 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

3D Systems Trading Up 1.9 %

DDD stock opened at $12.61 on Friday. 3D Systems has a 1-year low of $8.78 and a 1-year high of $40.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 6.57 and a quick ratio of 5.90. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 6.31 and a beta of 1.41. The business has a 50 day simple moving average of $10.40 and a two-hundred day simple moving average of $13.36.

3D Systems (NYSE:DDDGet Rating) last posted its quarterly earnings results on Monday, May 9th. The 3D printing company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.08). 3D Systems had a negative return on equity of 5.29% and a net margin of 41.50%. The business had revenue of $133.00 million during the quarter, compared to the consensus estimate of $132.67 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. Research analysts anticipate that 3D Systems will post -0.39 EPS for the current fiscal year.

3D Systems Company Profile

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3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, 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.

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Analyst Recommendations for 3D Systems (NYSE:DDD)

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