3D Systems Co. (NYSE:DDD) Receives Average Recommendation of “Hold” from Brokerages

Shares of 3D Systems Co. (NYSE:DDD) have earned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3.67.

A number of research analysts have recently weighed in on the company. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Cantor Fitzgerald lowered their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Friday, March 28th.

Institutional Trading of 3D Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new stake in shares of 3D Systems in the third quarter worth about $25,000. Murchinson Ltd. bought a new stake in 3D Systems in the 3rd quarter worth approximately $28,000. HighTower Advisors LLC purchased a new stake in shares of 3D Systems during the 3rd quarter worth approximately $31,000. Blue Trust Inc. raised its holdings in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of 3D Systems in the fourth quarter valued at $39,000. 64.49% of the stock is currently owned by institutional investors.

3D Systems Trading Up 1.4 %

NYSE:DDD opened at $2.10 on Thursday. 3D Systems has a one year low of $1.72 and a one year high of $5.00. The business has a fifty day moving average price of $3.43 and a 200-day moving average price of $3.23. The firm has a market capitalization of $284.63 million, a price-to-earnings ratio of -0.53 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.

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.