3D Systems (NYSE:DDD) had its price target increased by B. Riley from $7.00 to $9.00 in a research report sent to investors on Wednesday morning. They currently have a sell rating on the 3D printing company’s stock.
A number of other brokerages also recently weighed in on DDD. ValuEngine raised shares of 3D Systems from a sell rating to a hold rating in a research note on Wednesday, May 2nd. JPMorgan Chase & Co. set a $9.00 price target on shares of 3D Systems and gave the stock a sell rating in a research report on Thursday, May 3rd. Piper Jaffray Companies cut shares of 3D Systems from a neutral rating to an underweight rating and set a $10.00 price target for the company. in a research report on Thursday, July 26th. Zacks Investment Research cut shares of 3D Systems from a hold rating to a sell rating in a research report on Wednesday, May 16th. Finally, Loop Capital lowered their price target on shares of 3D Systems to $10.00 and set a hold rating for the company in a research report on Thursday, May 3rd. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $12.78.
Shares of NYSE DDD traded up $1.72 during trading on Wednesday, reaching $19.88. The company had a trading volume of 8,265,143 shares, compared to its average volume of 3,288,335. 3D Systems has a 52 week low of $7.92 and a 52 week high of $20.00. The company has a market cap of $2.07 billion, a PE ratio of -34.88 and a beta of 1.26. The company has a current ratio of 1.95, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01.
3D Systems (NYSE:DDD) last announced its earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.12. 3D Systems had a negative net margin of 11.54% and a negative return on equity of 9.22%. The company had revenue of $176.57 million during the quarter, compared to the consensus estimate of $165.83 million. equities research analysts forecast that 3D Systems will post -0.15 earnings per share for the current year.
In other 3D Systems news, Director G Walter Loewenbaum II purchased 4,500 shares of the stock in a transaction dated Tuesday, May 29th. The stock was bought at an average price of $12.06 per share, for a total transaction of $54,270.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new position in 3D Systems during the second quarter valued at approximately $2,044,000. Gabelli Funds LLC grew its holdings in 3D Systems by 42.9% during the second quarter. Gabelli Funds LLC now owns 50,000 shares of the 3D printing company’s stock valued at $691,000 after purchasing an additional 15,000 shares during the period. FMR LLC acquired a new position in 3D Systems during the second quarter valued at approximately $9,070,000. Great West Life Assurance Co. Can grew its holdings in 3D Systems by 115.9% during the second quarter. Great West Life Assurance Co. Can now owns 150,370 shares of the 3D printing company’s stock valued at $2,075,000 after purchasing an additional 80,737 shares during the period. Finally, BlackRock Inc. grew its holdings in 3D Systems by 29.4% during the second quarter. BlackRock Inc. now owns 16,413,577 shares of the 3D printing company’s stock valued at $226,672,000 after purchasing an additional 3,727,372 shares during the period. Institutional investors own 65.75% of the company’s stock.
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.
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