Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of 3D Systems from a hold rating to a buy rating and set a $7.50 target price on the stock in a research note on Tuesday, August 13th. B. Riley restated a neutral rating and issued a $8.00 price target on shares of 3D Systems in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. cut 3D Systems from a neutral rating to an underweight rating and cut their price target for the company from $8.00 to $7.00 in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. 3D Systems presently has a consensus rating of Hold and a consensus target price of $9.33.
NYSE DDD traded down $0.10 during trading hours on Tuesday, hitting $8.56. 1,185,286 shares of the company’s stock traded hands, compared to its average volume of 1,543,697. 3D Systems has a 52-week low of $6.47 and a 52-week high of $14.50. The company has a market capitalization of $1.06 billion, a PE ratio of -23.14 and a beta of 2.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.57. The firm’s 50-day moving average is $8.62 and its 200-day moving average is $8.39.
In other 3D Systems news, EVP Andrew Martin Johnson sold 20,068 shares of 3D Systems stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $9.62, for a total transaction of $193,054.16. Following the transaction, the executive vice president now directly owns 196,180 shares of the company’s stock, valued at $1,887,251.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its stake in 3D Systems by 3.0% during the third quarter. Mason Street Advisors LLC now owns 40,119 shares of the 3D printing company’s stock worth $327,000 after buying an additional 1,168 shares during the period. State of Alaska Department of Revenue boosted its position in shares of 3D Systems by 3.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 39,722 shares of the 3D printing company’s stock worth $361,000 after purchasing an additional 1,182 shares during the period. Texas Permanent School Fund increased its holdings in 3D Systems by 1.5% in the 3rd quarter. Texas Permanent School Fund now owns 80,419 shares of the 3D printing company’s stock valued at $655,000 after purchasing an additional 1,224 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in 3D Systems by 10.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 16,264 shares of the 3D printing company’s stock valued at $176,000 after purchasing an additional 1,541 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in 3D Systems by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 115,275 shares of the 3D printing company’s stock valued at $1,049,000 after purchasing an additional 1,545 shares during the last quarter. Institutional investors and hedge funds own 70.60% of the company’s stock.
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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