3D Systems (NYSE:DDD) Earns Sell (D-) Rating from Weiss Ratings

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

Several other equities analysts have also commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Trading Up 4.0 %

Shares of 3D Systems stock opened at $3.75 on Friday. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.75. 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 business has a 50-day moving average price of $3.35 and a 200-day moving average price of $3.04. The firm has a market cap of $507.90 million, a price-to-earnings ratio of -0.94 and a beta of 1.63.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. Equities research analysts anticipate that 3D Systems will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey A. Graves acquired 60,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. The trade was a 5.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction on 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 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 disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new position in 3D Systems in the 3rd quarter worth about $25,000. Murchinson Ltd. bought a new position in 3D Systems in the third quarter worth approximately $28,000. HighTower Advisors LLC purchased a new position in 3D Systems during the 3rd quarter worth $31,000. Blue Trust Inc. raised its position in 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of 3D Systems in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.