3D Systems (NYSE:DDD) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of 3D Systems (NYSE:DDD) in a report issued on Friday morning,Benzinga reports.

A number of other brokerages also recently weighed in on DDD. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Cantor Fitzgerald reduced their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a report on Friday, August 30th. Lake Street Capital decreased their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Loop Capital cut their price objective on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Price Performance

NYSE DDD opened at $2.96 on Friday. The firm has a market capitalization of $395.38 million, a PE ratio of -0.74 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.42. 3D Systems has a 12 month low of $1.72 and a 12 month high of $6.85. The company’s 50 day simple moving average is $3.03 and its 200 day simple moving average is $3.12.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $113.25 million during the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. As a group, equities research analysts forecast that 3D Systems will post -0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 98,797 shares during the period. ARK Investment Management LLC lifted its holdings in shares of 3D Systems by 26.0% in the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after purchasing an additional 799,157 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after buying an additional 38,431 shares during the period. Silverberg Bernstein Capital Management LLC grew its holdings in shares of 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 valued at $3,475,000 after buying an additional 302,484 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in 3D Systems by 13.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock valued at $2,821,000 after buying an additional 116,158 shares during the period. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.