Ballentine Partners LLC Invests $36,000 in 3D Systems Co. (NYSE:DDD)

Ballentine Partners LLC acquired a new stake in 3D Systems Co. (NYSE:DDD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,689 shares of the 3D printing company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DDD. Inspire Investing LLC bought a new stake in shares of 3D Systems in the 2nd quarter valued at approximately $35,000. Foundations Investment Advisors LLC bought a new stake in 3D Systems during the second quarter valued at $37,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of 3D Systems during the second quarter worth $38,000. Algert Global LLC bought a new position in shares of 3D Systems in the 2nd quarter worth about $41,000. Finally, Impact Partnership Wealth LLC acquired a new position in shares of 3D Systems in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

Analyst Ratings Changes

DDD has been the topic of several research reports. Loop Capital dropped their price objective on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Cantor Fitzgerald cut their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Lake Street Capital cut their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research 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 company. Based on data from MarketBeat.com, 3D Systems presently has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

Shares of DDD stock opened at $3.03 on Thursday. The business has a 50 day simple moving average of $2.63 and a 200 day simple moving average of $3.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.46 and a quick ratio of 2.42. The firm has a market capitalization of $404.05 million, a price-to-earnings ratio of -1.11 and a beta of 1.66. 3D Systems Co. has a 12-month low of $1.72 and a 12-month high of $6.85.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The business had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. On average, equities research analysts anticipate that 3D Systems Co. will post -0.67 EPS for the current year.

3D Systems 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.