3D Systems Corporation (NYSE:DDD) Receives $5.50 Consensus Price Target from Analysts

3D Systems Corporation (NYSE:DDD) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.50.

Several brokerages have recently issued reports on DDD. Craig Hallum upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Tuesday, August 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th.

Insider Transactions at 3D Systems

In other 3D Systems news, CEO Jeffrey A. Graves sold 115,500 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $3.26, for a total transaction of $376,530.00. Following the completion of the sale, the chief executive officer owned 1,314,241 shares in the company, valued at approximately $4,284,425.66. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Several large investors have recently added to or reduced their stakes in DDD. J. Derek Lewis & Associates Inc. bought a new stake in 3D Systems during the fourth quarter worth $27,000. Prudential Financial Inc. lifted its position in shares of 3D Systems by 74.8% during 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 in the last quarter. NewEdge Advisors LLC boosted its holdings in 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 12,900 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of 3D Systems in the fourth quarter valued at approximately $36,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of 3D Systems in the third quarter valued at approximately $41,000. Institutional investors own 64.49% of the company’s stock.

3D Systems Trading Up 2.7%

Shares of NYSE:DDD opened at $3.38 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 2.27. 3D Systems has a 1 year low of $1.70 and a 1 year high of $4.12. The company has a market capitalization of $561.59 million, a P/E ratio of -8.24 and a beta of 2.75. The business’s 50 day simple moving average is $3.09 and its 200 day simple moving average is $2.71.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business 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%. On average, research analysts anticipate that 3D Systems will post -0.23 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.