3D Systems (NYSE:DDD) had its target price lowered by Loop Capital to $10.00 in a research report sent to investors on Thursday, May 3rd. The firm currently has a hold rating on the 3D printing companyâ€™s stock.
DDD has been the topic of a number of other research reports. Zacks Investment Research lowered 3D Systems from a hold rating to a sell rating in a research note on Thursday, January 11th. ValuEngine lowered 3D Systems from a sell rating to a strong sell rating in a research note on Monday, April 2nd. Vetr upgraded 3D Systems from a buy rating to a strong-buy rating and set a $12.44 price target on the stock in a research note on Tuesday, January 16th. Piper Jaffray restated a neutral rating on shares of 3D Systems in a research note on Thursday, March 15th. Finally, Stifel Nicolaus raised their price target on 3D Systems from $11.00 to $12.00 and gave the company a hold rating in a research note on Thursday, March 15th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $11.74.
Shares of NYSE DDD traded up $0.05 during midday trading on Thursday, reaching $12.67. 1,270,533 shares of the stock traded hands, compared to its average volume of 3,958,843. The company has a market capitalization of $1.44 billion, a P/E ratio of -22.23 and a beta of 1.41. 3D Systems has a one year low of $7.92 and a one year high of $23.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.51 and a current ratio of 2.02.
3D Systems (NYSE:DDD) last issued its quarterly earnings results on Wednesday, May 2nd. The 3D printing company reported ($0.03) earnings per share (EPS) for the quarter, missing analystsâ€™ consensus estimates of $0.01 by ($0.04). 3D Systems had a negative return on equity of 10.41% and a negative net margin of 11.77%. The company had revenue of $166.00 million during the quarter, compared to the consensus estimate of $159.59 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firmâ€™s quarterly revenue was up 6.1% compared to the same quarter last year. equities analysts predict that 3D Systems will post -0.2 EPS for the current fiscal year.
In related news, Director G Walter Loewenbaum II purchased 16,475 shares of 3D Systems stock in a transaction that occurred on Monday, May 7th. The stock was bought at an average cost of $10.12 per share, for a total transaction of $166,727.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of 3D Systems by 18.8% in the fourth quarter. LPL Financial LLC now owns 42,936 shares of the 3D printing companyâ€™s stock valued at $371,000 after buying an additional 6,789 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of 3D Systems in the fourth quarter valued at approximately $4,906,000. Schwab Charles Investment Management Inc. increased its position in shares of 3D Systems by 9.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 517,941 shares of the 3D printing companyâ€™s stock valued at $6,936,000 after buying an additional 44,686 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of 3D Systems by 86.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 5,807,983 shares of the 3D printing companyâ€™s stock worth $50,181,000 after purchasing an additional 2,697,683 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 3D Systems by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 932,185 shares of the 3D printing companyâ€™s stock worth $8,054,000 after purchasing an additional 39,645 shares in the last quarter. Institutional investors and hedge funds own 63.14% of the companyâ€™s stock.
About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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