Shares of 3D Systems Co. (NYSE:DDD) have earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.94.
Several brokerages have weighed in on DDD. ValuEngine raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of 3D Systems in a report on Thursday, March 15th. Loop Capital lowered their price target on shares of 3D Systems to $10.00 and set a “hold” rating on the stock in a report on Thursday, May 3rd. Zacks Investment Research raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Finally, Stifel Nicolaus lifted their price target on shares of 3D Systems from $11.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, March 15th.
In related news, Director G Walter Loewenbaum II acquired 16,475 shares of 3D Systems stock in a transaction dated Monday, May 7th. The shares were purchased at an average price of $10.12 per share, for a total transaction of $166,727.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of 3D Systems by 18.8% during the fourth quarter. LPL Financial LLC now owns 42,936 shares of the 3D printing company’s stock valued at $371,000 after buying an additional 6,789 shares during the last quarter. Royce & Associates LP bought a new stake in 3D Systems in the fourth quarter worth $4,906,000. ArrowMark Colorado Holdings LLC increased its position in 3D Systems by 86.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 5,807,983 shares of the 3D printing company’s stock worth $50,181,000 after purchasing an additional 2,697,683 shares during the last quarter. Geode Capital Management LLC increased its position in 3D Systems by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 932,185 shares of the 3D printing company’s stock worth $8,054,000 after purchasing an additional 39,645 shares during the last quarter. Finally, Investment Management of Virginia LLC increased its position in 3D Systems by 11.9% in the first quarter. Investment Management of Virginia LLC now owns 2,064,414 shares of the 3D printing company’s stock worth $23,926,000 after purchasing an additional 219,119 shares during the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.
Shares of 3D Systems opened at $14.44 on Thursday, Marketbeat reports. The company has a current ratio of 2.02, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01. 3D Systems has a 1-year low of $7.92 and a 1-year high of $22.57. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -25.33 and a beta of 1.40.
3D Systems (NYSE:DDD) last issued its quarterly earnings results on Wednesday, May 2nd. The 3D printing company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). 3D Systems had a negative net margin of 11.77% and a negative return on equity of 10.41%. The firm had revenue of $166.00 million for the quarter, compared to analysts’ expectations of $159.59 million. During the same period in the prior year, the firm earned $0.06 EPS. 3D Systems’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities research analysts predict that 3D Systems will post -0.2 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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