Loop Capital Trims 3D Systems (NYSE:DDD) Target Price to $2.00

3D Systems (NYSE:DDD) had its price objective cut by Loop Capital from $4.50 to $2.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a hold rating on the 3D printing company’s stock.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC restated a hold rating on shares of 3D Systems in a research report on Friday, August 30th. Cantor Fitzgerald dropped their price target on 3D Systems from $5.50 to $3.75 and set an overweight rating on the stock in a research report on Friday, August 30th. Lake Street Capital dropped their target price on 3D Systems from $6.00 to $4.00 and set a buy rating on the stock in a research report on Thursday. Finally, StockNews.com upgraded 3D Systems from a sell rating to a hold rating in a research report on Monday, September 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, 3D Systems has a consensus rating of Hold and an average price target of $3.25.

3D Systems Stock Down 3.6 %

3D Systems stock opened at $1.88 on Thursday. The company has a market capitalization of $250.86 million, a P/E ratio of -0.66 and a beta of 1.65. 3D Systems has a fifty-two week low of $1.85 and a fifty-two week high of $6.85. The stock has a 50-day simple moving average of $3.00 and a 200-day simple moving average of $3.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.47 and a current ratio of 3.46.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, August 20th. The 3D printing company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $102.91 million during the quarter. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. Equities research analysts expect that 3D Systems will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDD. Vanguard Group Inc. grew its holdings in shares of 3D Systems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after acquiring an additional 98,797 shares during the period. Tidal Investments LLC acquired a new stake in shares of 3D Systems in the 1st quarter worth approximately $271,000. Gabelli Funds LLC grew its holdings in shares of 3D Systems by 53.6% in the 1st quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company’s stock worth $273,000 after acquiring an additional 21,435 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of 3D Systems by 5,994.9% in the 4th quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after acquiring an additional 4,676 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of 3D Systems by 16.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock worth $165,000 after acquiring an additional 3,652 shares during the period. Institutional investors and hedge funds own 64.49% of the company’s stock.

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.