3D Systems (NYSE:DDD) Receives “Sell (E+)” Rating from Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of 3D Systems (NYSE:DDD) in a research report sent to investors on Saturday,Weiss Ratings reports.

Several other analysts have also recently weighed in on DDD. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Trading Down 0.8 %

DDD traded down $0.03 during midday trading on Friday, reaching $3.09. 1,897,304 shares of the company’s stock traded hands, compared to its average volume of 2,080,576. The stock has a market capitalization of $418.39 million, a price-to-earnings ratio of -0.78 and a beta of 1.61. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.75. The firm has a fifty day moving average of $3.27 and a two-hundred day moving average of $3.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

Insider Transactions at 3D Systems

In related news, CEO Jeffrey A. Graves purchased 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the transaction, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Institutional Trading of 3D Systems

Several institutional investors have recently added to or reduced their stakes in DDD. Point72 DIFC Ltd bought a new position in 3D Systems during the third quarter valued at approximately $25,000. Murchinson Ltd. purchased a new position in shares of 3D Systems in the 3rd quarter worth $28,000. HighTower Advisors LLC bought a new stake in shares of 3D Systems in the third quarter worth $31,000. Inspire Investing LLC purchased a new stake in 3D Systems during the second quarter valued at $35,000. Finally, Ballentine Partners LLC bought a new position in 3D Systems in the third quarter valued at about $36,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.