Shares of 3D Systems Co. (NYSE:DDD) have been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $11.94.
DDD has been the topic of several recent research reports. Susquehanna Bancshares set a $12.00 target price on shares of 3D Systems and gave the company a “hold” rating in a report on Friday, March 16th. ValuEngine lowered shares of 3D Systems from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Piper Jaffray Companies restated a “neutral” rating on shares of 3D Systems in a report on Thursday, March 15th. Zacks Investment Research upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Finally, Deutsche Bank lifted their target price on shares of 3D Systems from $9.00 to $13.00 and gave the company a “hold” rating in a report on Friday, March 16th.
Get 3D Systems alerts:
Shares of 3D Systems traded down $0.16, reaching $14.39, during mid-day trading on Thursday, according to Marketbeat. The company had a trading volume of 2,024,872 shares, compared to its average volume of 2,751,734. The firm has a market cap of $1.63 billion, a PE ratio of -25.25 and a beta of 1.40. 3D Systems has a fifty-two week low of $7.92 and a fifty-two week high of $22.57. The company has a quick ratio of 1.51, a current ratio of 2.02 and a debt-to-equity ratio of 0.01.
3D Systems (NYSE:DDD) last posted its earnings results on Wednesday, May 2nd. The 3D printing company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The business had revenue of $166.00 million for the quarter, compared to analyst estimates of $159.59 million. 3D Systems had a negative net margin of 11.77% and a negative return on equity of 10.41%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. equities research analysts anticipate that 3D Systems will post -0.21 earnings per share for the current year.
In other news, Director G Walter Loewenbaum II acquired 4,500 shares of the business’s stock in a transaction on Tuesday, May 29th. The shares were purchased at an average price of $12.06 per share, for a total transaction of $54,270.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of 3D Systems by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock worth $5,719,000 after purchasing an additional 7,565 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of 3D Systems in the 1st quarter worth about $302,000. Legal & General Group Plc increased its position in shares of 3D Systems by 1,095.3% in the 1st quarter. Legal & General Group Plc now owns 1,224,450 shares of the 3D printing company’s stock worth $14,191,000 after purchasing an additional 1,122,010 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of 3D Systems in the 1st quarter worth about $366,000. Finally, Guggenheim Capital LLC increased its position in shares of 3D Systems by 38.1% in the 1st quarter. Guggenheim Capital LLC now owns 143,095 shares of the 3D printing company’s stock worth $1,659,000 after purchasing an additional 39,474 shares during the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.
3D Systems Company Profile
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.