Piper Jaffray Companies upgraded shares of 3D Systems (NYSE:DDD) from a neutral rating to an overweight rating in a research report released on Tuesday, January 29th, Marketbeat Ratings reports. Piper Jaffray Companies currently has $17.00 price objective on the 3D printing company’s stock.
A number of other research firms have also issued reports on DDD. Zacks Investment Research lowered shares of 3D Systems from a strong-buy rating to a hold rating in a research report on Tuesday, October 16th. Gabelli lowered shares of 3D Systems from a buy rating to a hold rating in a research report on Wednesday, October 31st. Loop Capital cut their price objective on shares of 3D Systems to $14.00 and set a hold rating on the stock in a research report on Wednesday, October 31st. Finally, ValuEngine lowered shares of 3D Systems from a strong-buy rating to a buy rating in a research report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. 3D Systems has a consensus rating of Hold and a consensus target price of $13.89.
Shares of DDD opened at $13.68 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.29 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -24.00 and a beta of 1.91. 3D Systems has a one year low of $9.00 and a one year high of $21.78.Institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC grew its stake in shares of 3D Systems by 1.1% in the third quarter. Teachers Advisors LLC now owns 209,336 shares of the 3D printing company’s stock worth $3,956,000 after acquiring an additional 2,209 shares during the last quarter. Vanguard Group Inc grew its stake in shares of 3D Systems by 2.5% in the third quarter. Vanguard Group Inc now owns 11,080,845 shares of the 3D printing company’s stock worth $209,428,000 after acquiring an additional 266,928 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of 3D Systems in the third quarter worth $3,344,000. FMR LLC boosted its stake in 3D Systems by 10.6% during the third quarter. FMR LLC now owns 726,464 shares of the 3D printing company’s stock worth $13,731,000 after buying an additional 69,713 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in 3D Systems by 30.7% during the third quarter. Wells Fargo & Company MN now owns 168,754 shares of the 3D printing company’s stock worth $3,190,000 after buying an additional 39,594 shares in the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.
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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