Brokerages Set 3D Systems Co. (NYSE:DDD) PT at $3.25

3D Systems Co. (NYSE:DDD) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.25.

Several research firms have commented on DDD. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday. Finally, StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th.

Insider Activity at 3D Systems

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

Institutional Investors Weigh In On 3D Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC boosted its holdings in 3D Systems by 6.4% in the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after purchasing an additional 3,166 shares during the period. Inspire Investing LLC raised its position in shares of 3D Systems by 33.7% during the third quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock valued at $43,000 after buying an additional 3,818 shares during the last quarter. BNP Paribas Financial Markets grew its position in 3D Systems by 14.4% during the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock worth $133,000 after buying an additional 5,884 shares in the last quarter. Impact Partnership Wealth LLC increased its stake in 3D Systems by 49.4% during the third quarter. Impact Partnership Wealth LLC now owns 21,157 shares of the 3D printing company’s stock valued at $60,000 after acquiring an additional 6,992 shares during the period. Finally, SG Americas Securities LLC raised its holdings in 3D Systems by 23.8% in the 3rd quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock valued at $130,000 after acquiring an additional 8,769 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Price Performance

Shares of 3D Systems stock opened at $3.12 on Friday. The stock has a 50-day simple moving average of $3.29 and a 200-day simple moving average of $3.05. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.75. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

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.