3D Systems (NYSE:DDD) was upgraded by investment analysts at Piper Jaffray Companies from an “underweight” rating to a “neutral” rating in a research note issued on Monday, November 20th, MarketBeat reports. The firm currently has a $6.25 target price on the 3D printing company’s stock. Piper Jaffray Companies’ price target would suggest a potential downside of 35.30% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Loop Capital assumed coverage on 3D Systems in a research report on Monday, July 24th. They set a “hold” rating and a $18.00 price target for the company. J P Morgan Chase & Co dropped their price target on 3D Systems from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Canaccord Genuity reissued a “neutral” rating on shares of 3D Systems in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a “hold” rating and set a $15.00 price target on shares of 3D Systems in a research report on Wednesday, October 4th. Finally, ValuEngine downgraded 3D Systems from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.97.
3D Systems (NYSE DDD) traded up $0.27 during midday trading on Monday, reaching $9.66. The company had a trading volume of 3,051,225 shares, compared to its average volume of 2,704,575. 3D Systems has a 12-month low of $7.92 and a 12-month high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.
3D Systems (NYSE:DDD) last released its quarterly earnings data on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The firm had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $162.22 million. 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. equities research analysts expect that 3D Systems will post -0.3 EPS for the current fiscal year.
In other news, Director G Walter Loewenbaum II bought 6,430 shares of 3D Systems stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of $8.81 per share, for a total transaction of $56,648.30. Following the completion of the acquisition, the director now owns 1,013,207 shares of the company’s stock, valued at $8,926,353.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 47,930 shares of company stock worth $428,048 in the last quarter. 5.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in 3D Systems by 0.3% in the second quarter. Parallel Advisors LLC now owns 14,683 shares of the 3D printing company’s stock valued at $247,000 after purchasing an additional 49 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of 3D Systems by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,779 shares of the 3D printing company’s stock worth $295,000 after acquiring an additional 75 shares during the last quarter. Stifel Financial Corp increased its position in shares of 3D Systems by 2.4% during the second quarter. Stifel Financial Corp now owns 19,558 shares of the 3D printing company’s stock worth $367,000 after acquiring an additional 459 shares during the last quarter. Arizona State Retirement System increased its holdings in 3D Systems by 2.0% in the second quarter. Arizona State Retirement System now owns 45,600 shares of the 3D printing company’s stock valued at $853,000 after buying an additional 900 shares during the last quarter. Finally, State Treasurer State of Michigan increased its holdings in 3D Systems by 2.1% in the second quarter. State Treasurer State of Michigan now owns 44,600 shares of the 3D printing company’s stock valued at $834,000 after buying an additional 900 shares during the last quarter. 60.55% of the stock is currently owned by institutional investors.
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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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