3D Systems (NYSE:DDD) Sees Large Volume Increase – Here’s What Happened

3D Systems Co. (NYSE:DDD) saw an uptick in trading volume on Tuesday . 6,357,819 shares were traded during trading, an increase of 120% from the previous session’s volume of 2,894,698 shares.The stock last traded at $4.62 and had previously closed at $3.74.

Wall Street Analysts Forecast Growth

DDD has been the subject of a number of analyst reports. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday. Finally, Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

The firm has a market capitalization of $627.92 million, a PE ratio of -1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The business has a 50-day simple moving average of $3.35 and a 200-day simple moving average of $3.04.

3D Systems (NYSE:DDD) last announced its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) 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 expect that 3D Systems Co. will post -0.73 earnings per share for the current fiscal year.

Insider Transactions at 3D Systems

In other news, CEO Jeffrey A. Graves acquired 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares in the company, valued at approximately $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On 3D Systems

Hedge funds have recently modified their holdings of the business. Intech Investment Management LLC raised its stake in shares of 3D Systems by 6.4% during the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock worth $149,000 after acquiring an additional 3,166 shares in the last quarter. Inspire Investing LLC grew its holdings in 3D Systems by 33.7% in the third quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock worth $43,000 after purchasing an additional 3,818 shares during the last quarter. Rhumbline Advisers increased its position in shares of 3D Systems by 2.2% during the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock worth $680,000 after purchasing an additional 4,451 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 3D Systems by 14.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock valued at $133,000 after purchasing an additional 5,884 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its position in shares of 3D Systems by 31.3% in the 4th quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock worth $91,000 after purchasing an additional 6,615 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.