Inspire Investing LLC Boosts Stock Position in 3D Systems Co. (NYSE:DDD)

Inspire Investing LLC increased its stake in 3D Systems Co. (NYSE:DDD) by 33.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,138 shares of the 3D printing company’s stock after purchasing an additional 3,818 shares during the quarter. Inspire Investing LLC’s holdings in 3D Systems were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Silverberg Bernstein Capital Management LLC raised its position in shares of 3D Systems by 32.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after buying an additional 302,484 shares in the last quarter. SG Americas Securities LLC increased its stake in 3D Systems by 23.8% in the 3rd quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock worth $130,000 after acquiring an additional 8,769 shares during the last quarter. Algert Global LLC purchased a new stake in shares of 3D Systems in the 2nd quarter valued at about $41,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of 3D Systems during the 2nd quarter valued at about $824,000. Finally, Deerfield Management Company L.P. Series C purchased a new position in shares of 3D Systems during the second quarter worth about $77,000. 64.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DDD. Cantor Fitzgerald lowered their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. StockNews.com cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Lake Street Capital cut their target price on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Loop Capital lowered their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, 3D Systems currently has an average rating of “Hold” and an average target price of $3.25.

3D Systems Price Performance

DDD stock opened at $3.06 on Friday. The firm has a market cap of $408.31 million, a P/E ratio of -1.08 and a beta of 1.66. The firm’s fifty day moving average is $2.55 and its 200 day moving average is $3.22. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $6.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.42 and a current ratio of 3.46.

3D Systems (NYSE:DDD) last released 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). 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. The company had revenue of $113.25 million during the quarter, compared to analysts’ expectations of $125.15 million. Research analysts predict that 3D Systems Co. will post -0.67 earnings per share for the current year.

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.