3D Systems Corporation (NYSE:DDD) Receives $5.50 Average PT from Brokerages

Shares of 3D Systems Corporation (NYSE:DDD) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $5.50.

A number of equities analysts have commented on the company. Craig Hallum upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Tuesday, August 4th. Weiss Ratings lowered shares of 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price objective on shares of 3D Systems in a research report on Wednesday, May 13th.

3D Systems Stock Up 4.2%

NYSE DDD opened at $3.69 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 3.40 and a debt-to-equity ratio of 0.32. 3D Systems has a fifty-two week low of $1.70 and a fifty-two week high of $4.12. The business has a 50 day moving average price of $3.02 and a two-hundred day moving average price of $2.58. The stock has a market cap of $613.09 million, a PE ratio of -9.00 and a beta of 2.73.

3D Systems (NYSE:DDD) last announced its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $94.60 million during the quarter, compared to the consensus estimate of $94.01 million. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%. As a group, sell-side analysts predict that 3D Systems will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of 3D Systems by 15.9% during the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock valued at $20,107,000 after acquiring an additional 1,556,321 shares during the period. Geode Capital Management LLC boosted its stake in 3D Systems by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock valued at $4,876,000 after purchasing an additional 105,500 shares in the last quarter. Nuveen LLC boosted its stake in 3D Systems by 406.4% during the 4th quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock valued at $4,787,000 after purchasing an additional 2,170,415 shares in the last quarter. Icon Advisers Inc. Co. increased its position in shares of 3D Systems by 23.8% during the 3rd quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock valued at $7,540,000 after purchasing an additional 500,000 shares during the period. Finally, UBS Group AG increased its position in shares of 3D Systems by 83.1% during the 4th quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company’s stock valued at $3,749,000 after purchasing an additional 961,166 shares during the period. 64.49% of the stock is currently owned by institutional investors.

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.