3D Systems (NYSE:DDD) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a report published on Thursday.

Several other brokerages have also recently weighed in on DDD. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Friday, November 15th. Cantor Fitzgerald dropped their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Loop Capital reduced their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Finally, Lake Street Capital dropped their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Trading Up 0.7 %

Shares of DDD opened at $2.97 on Thursday. 3D Systems has a twelve month low of $1.72 and a twelve month high of $6.85. The company has a current ratio of 3.31, a quick ratio of 2.42 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is $3.04 and its 200-day simple moving average is $3.11. The company has a market cap of $402.79 million, a P/E ratio of -0.75 and a beta of 1.65.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The business had revenue of $113.25 million during the quarter, compared to the consensus estimate of $125.15 million. 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. As a group, analysts expect that 3D Systems will post -0.67 EPS for the current year.

Hedge Funds Weigh In On 3D Systems

Large investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC grew its position in shares of 3D Systems by 26.0% in the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after buying an additional 799,157 shares during the last quarter. Walleye Capital LLC boosted its stake in 3D Systems by 3,140.9% in the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock valued at $1,445,000 after acquiring an additional 525,688 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after purchasing an additional 403,175 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of 3D Systems during the third quarter worth $1,143,000. Finally, XTX Topco Ltd lifted its holdings in shares of 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after purchasing an additional 341,308 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

About 3D Systems

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.