3D Systems Co. (NYSE:DDD) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 38,111,966 shares, an increase of 8.8% from the January 12th total of 35,031,583 shares. Based on an average trading volume of 3,226,913 shares, the days-to-cover ratio is presently 11.8 days. Currently, 34.9% of the shares of the stock are short sold.
Shares of 3D Systems (DDD) traded up $0.06 during mid-day trading on Wednesday, reaching $10.15. 2,060,697 shares of the company traded hands, compared to its average volume of 2,777,412. 3D Systems has a 12-month low of $7.92 and a 12-month high of $23.70. The firm has a market cap of $1,140.00, a P/E ratio of -21.89 and a beta of 1.57. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.
In other 3D Systems news, Director G Walter Loewenbaum II bought 40,500 shares of 3D Systems stock in a transaction on Monday, December 4th. The stock was bought at an average price of $8.94 per share, with a total value of $362,070.00. Following the completion of the acquisition, the director now owns 1,053,707 shares in the company, valued at $9,420,140.58. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders acquired 47,930 shares of company stock valued at $428,048. 5.00% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in 3D Systems by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after buying an additional 1,552 shares during the period. Flinton Capital Management LLC grew its holdings in 3D Systems by 76.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after buying an additional 4,386 shares during the period. Claraphi Advisory Network LLC purchased a new stake in 3D Systems in the 4th quarter valued at about $162,000. Stoneridge Investment Partners LLC purchased a new stake in 3D Systems in the 3rd quarter valued at about $260,000. Finally, Stifel Financial Corp grew its holdings in 3D Systems by 2.4% in the 2nd quarter. Stifel Financial Corp now owns 19,558 shares of the 3D printing company’s stock valued at $367,000 after buying an additional 459 shares during the period. Institutional investors own 60.45% of the company’s stock.
Several research analysts have recently issued reports on the company. Citigroup cut their price target on 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a research note on Thursday, November 2nd. Bank of America downgraded 3D Systems from a “buy” rating to an “underperform” rating and lifted their price target for the stock from $9.63 to $12.38 in a research note on Wednesday, November 1st. FBR & Co downgraded 3D Systems from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 1st. B. Riley downgraded 3D Systems from a “neutral” rating to a “sell” rating and cut their price target for the stock from $18.00 to $7.00 in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies reaffirmed a “sell” rating and set a $10.00 price target on shares of 3D Systems in a research note on Wednesday, November 1st. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.68.
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3D Systems Company Profile
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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