3D Systems Co. (NYSE:DDD) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.56.
A number of research analysts recently commented on DDD shares. Craig Hallum set a $23.00 target price on Sientra and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Zacks Investment Research upgraded shares of Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. set a €52.00 ($60.47) price target on shares of Vonovia and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Piper Jaffray Companies cut their price target on shares of Apyx Medical to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th.
In other 3D Systems news, insider Vyomesh Joshi purchased 29,920 shares of the business’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of $8.22 per share, for a total transaction of $245,942.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of DDD. CWM Advisors LLC increased its position in shares of 3D Systems by 32.0% during the second quarter. CWM Advisors LLC now owns 23,497 shares of the 3D printing company’s stock valued at $214,000 after acquiring an additional 5,699 shares in the last quarter. Exane Derivatives bought a new stake in shares of 3D Systems during the second quarter valued at approximately $216,000. Formula Growth Ltd. bought a new stake in shares of 3D Systems during the first quarter valued at approximately $4,204,000. GMT Capital Corp bought a new stake in shares of 3D Systems during the first quarter valued at approximately $2,596,000. Finally, ARK Investment Management LLC boosted its holdings in 3D Systems by 29.5% in the first quarter. ARK Investment Management LLC now owns 178,320 shares of the 3D printing company’s stock worth $1,919,000 after purchasing an additional 40,595 shares during the last quarter. Institutional investors and hedge funds own 70.42% of the company’s stock.
DDD opened at $8.77 on Friday. The company has a market capitalization of $1.03 billion, a PE ratio of -23.70 and a beta of 1.98. The company has a current ratio of 2.56, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. 3D Systems has a 52 week low of $7.81 and a 52 week high of $21.78. The company has a fifty day moving average price of $8.61.
3D Systems (NYSE:DDD) last released its earnings results on Tuesday, May 7th. The 3D printing company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.13). The firm had revenue of $152.00 million during the quarter, compared to the consensus estimate of $164.69 million. 3D Systems had a negative net margin of 7.26% and a negative return on equity of 6.26%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. As a group, equities research analysts predict that 3D Systems will post -0.35 EPS for the current year.
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.
Read More: How to Use a Moving Average for Trading
Receive News & Ratings for 3D Systems Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for 3D Systems and related companies with MarketBeat.com’s FREE daily email newsletter.