3D Systems Co. (NYSE:DDD) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $11.56.
Several research analysts have recently weighed in on DDD shares. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Craig Hallum set a $23.00 price objective on Sientra and gave the stock a “buy” rating in a research report on Monday, April 22nd. Piper Jaffray Companies lowered their price objective on Apyx Medical to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. B. Riley raised 3D Systems from a “sell” rating to a “neutral” rating and set a $8.00 price objective for the company in a research report on Monday, June 24th. Finally, Bank of America lowered their price objective on 3D Systems from $10.00 to $9.00 and set an “underperform” rating for the company in a research report on Wednesday, May 8th.
In other news, insider Vyomesh Joshi bought 29,920 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $8.22 per share, with a total value of $245,942.40. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.30% of the company’s stock.A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of 3D Systems by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 1,160,981 shares of the 3D printing company’s stock worth $11,807,000 after buying an additional 74,578 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of 3D Systems by 20.3% in the 4th quarter. Legal & General Group Plc now owns 1,104,618 shares of the 3D printing company’s stock worth $11,228,000 after buying an additional 186,660 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 3D Systems by 310.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 788,277 shares of the 3D printing company’s stock worth $8,017,000 after buying an additional 596,313 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of 3D Systems by 95.0% in the 1st quarter. SG Americas Securities LLC now owns 550,105 shares of the 3D printing company’s stock worth $5,919,000 after buying an additional 267,995 shares during the last quarter. Finally, Norges Bank purchased a new position in 3D Systems in the fourth quarter valued at approximately $5,409,000. 70.42% of the stock is owned by institutional investors and hedge funds.
Shares of DDD opened at $8.77 on Friday. The firm has a market cap of $1.03 billion, a P/E ratio of -23.70 and a beta of 1.98. 3D Systems has a 12 month low of $7.81 and a 12 month high of $21.78. The stock’s 50-day moving average is $8.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.78.
3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, May 7th. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.13). 3D Systems had a negative return on equity of 6.26% and a negative net margin of 7.26%. The business had revenue of $152.00 million during the quarter, compared to the consensus estimate of $164.69 million. During the same period last year, the business posted ($0.03) earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. Equities research analysts forecast that 3D Systems will post -0.35 EPS for the current fiscal year.
About 3D Systems
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.
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