Brokerages Set 3D Systems Corporation (NYSE:DDD) Target Price at $5.00

3D Systems Corporation (NYSE:DDD) has received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $5.00.

Several research firms have recently weighed in on DDD. Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price objective on shares of 3D Systems in a report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of 3D Systems in a research note on Monday, December 29th.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors have recently added to or reduced their stakes in DDD. NewEdge Advisors LLC grew its holdings in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 12,900 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of 3D Systems during the 3rd quarter worth $41,000. Founders Financial Securities LLC purchased a new position in shares of 3D Systems during the 3rd quarter worth $50,000. Prudential Financial Inc. boosted its position in shares of 3D Systems by 74.8% during the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 7,887 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of 3D Systems during the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Stock Up 0.4%

Shares of DDD opened at $2.43 on Tuesday. The stock has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.36. 3D Systems has a one year low of $1.32 and a one year high of $3.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.87. The stock has a market capitalization of $354.95 million, a price-to-earnings ratio of -243,000.00 and a beta of 2.39.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Monday, March 9th. The 3D printing company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). 3D Systems had a net margin of 7.72% and a negative return on equity of 34.60%. The firm had revenue of $106.30 million during the quarter, compared to analysts’ expectations of $97.99 million. Equities research analysts forecast that 3D Systems will post -0.73 earnings per share for the current fiscal year.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.