KeyCorp Reaffirms Hold Rating for 3D Systems Corporation (DDD)

KeyCorp reiterated their hold rating on shares of 3D Systems Corporation (NYSE:DDD) in a research report report published on Friday morning.

A number of other research firms have also recently weighed in on DDD. Loop Capital assumed coverage on 3D Systems Corporation in a research report on Monday, July 24th. They issued a hold rating and a $18.00 price objective for the company. Susquehanna Bancshares Inc initiated coverage on 3D Systems Corporation in a research report on Thursday, July 13th. They set a neutral rating and a $16.00 price target for the company. Piper Jaffray Companies reiterated an underweight rating and set a $14.00 price objective on shares of 3D Systems Corporation in a research note on Monday, July 3rd. BidaskClub lowered 3D Systems Corporation from a hold rating to a sell rating in a research note on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a hold rating and set a $17.00 price objective on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. 3D Systems Corporation presently has an average rating of Hold and a consensus target price of $16.12.

Shares of 3D Systems Corporation (NYSE:DDD) opened at 13.15 on Friday. The company’s market capitalization is $1.50 billion. The company’s 50 day moving average price is $13.19 and its 200 day moving average price is $16.56. 3D Systems Corporation has a 52-week low of $12.02 and a 52-week high of $23.70.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Wednesday, August 2nd. The 3D printing company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The firm had revenue of $159.47 million for the quarter, compared to analysts’ expectations of $163.01 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts predict that 3D Systems Corporation will post $0.44 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “KeyCorp Reaffirms Hold Rating for 3D Systems Corporation (DDD)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/keycorp-reaffirms-hold-rating-for-3d-systems-corporation-ddd.html.

In other 3D Systems Corporation news, insider Vyomesh Joshi acquired 15,400 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of $12.96 per share, with a total value of $199,584.00. Following the purchase, the insider now directly owns 165,400 shares in the company, valued at approximately $2,143,584. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DDD. Strs Ohio acquired a new position in shares of 3D Systems Corporation during the 2nd quarter valued at $115,000. LS Investment Advisors LLC lifted its holdings in shares of 3D Systems Corporation by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after acquiring an additional 1,452 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of 3D Systems Corporation by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after acquiring an additional 1,552 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of 3D Systems Corporation by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock valued at $186,000 after acquiring an additional 4,326 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in 3D Systems Corporation by 76.8% during the 2nd quarter. Flinton Capital Manage

A number of other research firms have also recently weighed in on DDD. Loop Capital assumed coverage on 3D Systems Corporation in a research report on Monday, July 24th. They issued a hold rating and a $18.00 price objective for the company. Susquehanna Bancshares Inc initiated coverage on 3D Systems Corporation in a research report on Thursday, July 13th. They set a neutral rating and a $16.00 price target for the company. Piper Jaffray Companies reiterated an underweight rating and set a $14.00 price objective on shares of 3D Systems Corporation in a research note on Monday, July 3rd. BidaskClub lowered 3D Systems Corporation from a hold rating to a sell rating in a research note on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a hold rating and set a $17.00 price objective on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. 3D Systems Corporation presently has an average rating of Hold and a consensus target price of $16.12.

Shares of 3D Systems Corporation (NYSE:DDD) opened at 13.15 on Friday. The company’s market capitalization is $1.50 billion. The company’s 50 day moving average price is $13.19 and its 200 day moving average price is $16.56. 3D Systems Corporation has a 52-week low of $12.02 and a 52-week high of $23.70.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Wednesday, August 2nd. The 3D printing company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The firm had revenue of $159.47 million for the quarter, compared to analysts’ expectations of $163.01 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts predict that 3D Systems Corporation will post $0.44 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “KeyCorp Reaffirms Hold Rating for 3D Systems Corporation (DDD)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/keycorp-reaffirms-hold-rating-for-3d-systems-corporation-ddd.html.

In other 3D Systems Corporation news, insider Vyomesh Joshi acquired 15,400 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of $12.96 per share, with a total value of $199,584.00. Following the purchase, the insider now directly owns 165,400 shares in the company, valued at approximately $2,143,584. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DDD. Strs Ohio acquired a new position in shares of 3D Systems Corporation during the 2nd quarter valued at $115,000. LS Investment Advisors LLC lifted its holdings in shares of 3D Systems Corporation by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after acquiring an additional 1,452 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of 3D Systems Corporation by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after acquiring an additional 1,552 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of 3D Systems Corporation by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock valued at $186,000 after acquiring an additional 4,326 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in 3D Systems Corporation by 76.8% during the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after buying an additional 4,386 shares during the period. Institutional investors own 56.72% of the company’s stock.

About 3D Systems Corporation

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

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