3D Systems (NYSE:DDD) Given Sell (E+) Rating at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of 3D Systems (NYSE:DDD) in a report published on Saturday,Weiss Ratings reports.

Several other brokerages have also weighed in on DDD. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Wednesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

3D Systems stock traded down $0.03 during trading on Friday, hitting $3.09. The stock had a trading volume of 1,897,304 shares, compared to its average volume of 2,080,576. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The stock’s 50 day moving average is $3.27 and its two-hundred day moving average is $3.05. 3D Systems has a 1 year low of $1.72 and a 1 year high of $5.75. The stock has a market cap of $418.39 million, a price-to-earnings ratio of -0.78 and a beta of 1.61.

Insider Transactions at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the company’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 transaction, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. This represents a 25.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $3.85 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently modified their holdings of the company. ARK Investment Management LLC raised its position in 3D Systems by 26.0% in the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after purchasing an additional 799,157 shares during the period. Walleye Capital LLC increased its holdings in shares of 3D Systems by 3,140.9% in the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock worth $1,445,000 after buying an additional 525,688 shares during the period. Weiss Asset Management LP bought a new stake in shares of 3D Systems in the 3rd quarter valued at about $1,143,000. XTX Topco Ltd boosted its holdings in 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after acquiring an additional 341,308 shares during the period. Finally, Silverberg Bernstein Capital Management LLC grew its position in 3D Systems by 32.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after acquiring an additional 302,484 shares during the last quarter. 64.49% of the stock is currently owned by 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.