3D Systems (NYSE:DDD) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a report published on Thursday morning.

Several other equities analysts have also recently issued reports on DDD. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Friday, November 15th. Lake Street Capital decreased their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. 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. Finally, Loop Capital decreased their price objective on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Price Performance

Shares of NYSE:DDD opened at $2.97 on Thursday. The company’s fifty day moving average is $3.04 and its 200 day moving average is $3.11. 3D Systems has a 52 week low of $1.72 and a 52 week high of $6.85. The stock has a market cap of $402.79 million, a PE ratio of -0.75 and a beta of 1.65. The company has a quick ratio of 2.42, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

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

Hedge Funds Weigh In On 3D Systems

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings 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 valued at $63,127,000 after acquiring an additional 98,797 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 3D Systems by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 116,215 shares of the 3D printing company’s stock worth $516,000 after buying an additional 16,621 shares in the last quarter. Tidal Investments LLC bought a new position in 3D Systems during the first quarter valued at approximately $271,000. Silverberg Bernstein Capital Management LLC grew its holdings in 3D Systems by 14.7% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 921,275 shares of the 3D printing company’s stock valued at $2,828,000 after buying an additional 118,096 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in 3D Systems by 85.1% in 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 during the last quarter. 64.49% of the stock is currently owned by institutional investors.

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.