3D Systems Co. (NYSE:DDD) has been given a consensus rating of “Hold” by the twenty brokerages that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.05.
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut 3D Systems from a “neutral” rating to an “underweight” rating and set a $11.00 target price on the stock. in a research report on Friday, February 9th. Stifel Nicolaus restated a “hold” rating and set a $11.00 target price (down from $15.00) on shares of 3D Systems in a research report on Wednesday, November 1st. Canaccord Genuity restated a “neutral” rating on shares of 3D Systems in a research report on Wednesday, November 1st. ValuEngine cut 3D Systems from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, B. Riley cut 3D Systems from a “neutral” rating to a “sell” rating and dropped their target price for the company from $18.00 to $7.00 in a research report on Wednesday, November 1st.
In related news, Director G Walter Loewenbaum II purchased 6,430 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average cost of $8.81 per share, with a total value of $56,648.30. Following the purchase, the director now owns 1,013,207 shares of the company’s stock, valued at approximately $8,926,353.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 47,930 shares of company stock worth $428,048 over the last ninety days. 5.00% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC purchased a new position in 3D Systems in the 2nd quarter worth approximately $5,143,000. Think Investments LP purchased a new position in 3D Systems in the 3rd quarter worth approximately $10,511,000. SG Americas Securities LLC lifted its stake in 3D Systems by 137.4% in the 3rd quarter. SG Americas Securities LLC now owns 135,934 shares of the 3D printing company’s stock worth $1,820,000 after purchasing an additional 78,673 shares in the last quarter. GMT Capital Corp purchased a new position in 3D Systems in the 3rd quarter worth approximately $3,231,000. Finally, Westpac Banking Corp lifted its stake in 3D Systems by 129.9% in the 3rd quarter. Westpac Banking Corp now owns 49,200 shares of the 3D printing company’s stock worth $659,000 after purchasing an additional 27,800 shares in the last quarter. 60.45% of the stock is currently owned by institutional investors and hedge funds.
3D Systems (NYSE:DDD) traded up $0.06 during trading hours on Friday, hitting $10.15. The stock had a trading volume of 2,060,869 shares, compared to its average volume of 2,777,912. 3D Systems has a 52-week low of $7.92 and a 52-week high of $23.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94. The firm has a market cap of $1,140.00, a PE ratio of -22.07 and a beta of 1.57.
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About 3D Systems
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.
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