Shares of 3D Systems Co. (NYSE:DDD) have been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.83.
DDD has been the subject of a number of analyst reports. Piper Jaffray Companies raised 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 price target for the company in a research note on Tuesday, January 29th. JPMorgan Chase & Co. dropped their price target on 3D Systems to $8.00 and set an “average” rating for the company in a research note on Friday, March 1st. Finally, TheStreet raised 3D Systems from a “d” rating to a “c-” rating in a research note on Thursday, March 21st.
A number of hedge funds have recently bought and sold shares of DDD. D. E. Shaw & Co. Inc. raised its stake in 3D Systems by 45.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,080,102 shares of the 3D printing company’s stock valued at $31,324,000 after purchasing an additional 964,795 shares in the last quarter. BlackRock Inc. grew its position in 3D Systems by 4.2% in the third quarter. BlackRock Inc. now owns 17,096,578 shares of the 3D printing company’s stock valued at $323,125,000 after acquiring an additional 683,001 shares during the last quarter. Dimensional Fund Advisors LP grew its position in 3D Systems by 310.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 788,277 shares of the 3D printing company’s stock valued at $8,017,000 after acquiring an additional 596,313 shares during the last quarter. Norges Bank bought a new position in 3D Systems in the fourth quarter valued at about $5,409,000. Finally, Oregon Public Employees Retirement Fund bought a new position in 3D Systems in the fourth quarter valued at about $43,000. 68.95% of the stock is owned by institutional investors and hedge funds.
Shares of DDD traded up $0.02 during midday trading on Wednesday, reaching $10.89. 855,912 shares of the stock were exchanged, compared to its average volume of 1,498,434. 3D Systems has a twelve month low of $9.00 and a twelve month high of $21.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.42. The company has a market capitalization of $1.27 billion, a P/E ratio of -29.43 and a beta of 1.94.
3D Systems (NYSE:DDD) last posted its earnings results on Thursday, February 28th. The 3D printing company reported ($0.02) earnings per share for the quarter. 3D Systems had a negative return on equity of 3.83% and a negative net margin of 6.62%. The firm had revenue of $180.71 million for the quarter, compared to analyst estimates of $184.71 million. On average, equities research analysts predict that 3D Systems will post -0.09 earnings per share 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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