Inspire Investing LLC Buys 124,547 Shares of 3D Systems Co. (NYSE:DDD)

Inspire Investing LLC boosted its stake in shares of 3D Systems Co. (NYSE:DDD) by 822.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 139,685 shares of the 3D printing company’s stock after purchasing an additional 124,547 shares during the quarter. Inspire Investing LLC’s holdings in 3D Systems were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DDD. Point72 DIFC Ltd acquired a new stake in 3D Systems in the third quarter worth about $25,000. Murchinson Ltd. purchased a new position in shares of 3D Systems in the third quarter worth about $28,000. HighTower Advisors LLC purchased a new position in shares of 3D Systems in the third quarter worth about $31,000. Ballentine Partners LLC purchased a new position in shares of 3D Systems in the third quarter worth about $36,000. Finally, Algert Global LLC purchased a new position in shares of 3D Systems in the second quarter worth about $41,000. Institutional investors own 64.49% of the company’s stock.

3D Systems Stock Up 26.4 %

Shares of DDD stock opened at $3.84 on Friday. The stock has a 50 day moving average of $3.27 and a 200 day moving average of $3.05. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The stock has a market cap of $521.05 million, a P/E ratio of -0.97 and a beta of 1.61. 3D Systems Co. has a twelve month low of $1.72 and a twelve month high of $5.75.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. As a group, sell-side analysts expect that 3D Systems Co. will post -0.73 EPS for the current year.

Analysts Set New Price Targets

DDD has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of 3D Systems in a research note on Saturday, January 18th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.25.

Insider Activity

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

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.