3D Systems Corporation (NYSE:DDD) Receives Consensus Rating of “Hold” from Analysts

3D Systems Corporation (NYSE:DDD) has earned an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.00.

Several research analysts have commented on the company. Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of 3D Systems in a research report on Friday, March 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price objective on shares of 3D Systems in a research note on Tuesday, March 10th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DDD. J. Derek Lewis & Associates Inc. acquired a new stake in shares of 3D Systems during the 4th quarter valued at $27,000. Prudential Financial Inc. raised its position in 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 7,887 shares during the last quarter. NewEdge Advisors LLC raised its position in 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of 3D Systems during the fourth quarter valued at about $36,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of 3D Systems during the third quarter valued at about $41,000. 64.49% of the stock is currently owned by institutional investors.

3D Systems Trading Up 10.7%

Shares of DDD stock opened at $2.59 on Wednesday. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $3.80. The stock’s fifty day moving average price is $2.12 and its two-hundred day moving average price is $2.23. 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 company has a market cap of $378.30 million, a PE ratio of -259,000.00 and a beta of 2.58.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Monday, March 9th. The 3D printing company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $106.30 million for the quarter, compared to analyst estimates of $97.99 million. 3D Systems had a negative return on equity of 34.60% and a net margin of 7.72%. Equities analysts predict that 3D Systems will post -0.47 EPS for the current fiscal year.

3D Systems Company Profile

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.