Brokerages Set 3D Systems Co. (NYSE:DDD) Target Price at $3.25

Shares of 3D Systems Co. (NYSE:DDD) have earned an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.25.

Several brokerages recently issued reports on DDD. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Cantor Fitzgerald dropped their price objective 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 cut their target price 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. Lake Street Capital decreased their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th.

3D Systems Stock Performance

DDD stock opened at $3.50 on Tuesday. The firm has a 50-day simple moving average of $3.21 and a two-hundred day simple moving average of $3.09. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems has a one year low of $1.72 and a one year high of $6.85. The firm has a market cap of $474.67 million, a price-to-earnings ratio of -0.88 and a beta of 1.64.

Insider Activity at 3D Systems

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

Hedge Funds Weigh In On 3D Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. ARK Investment Management LLC grew its stake in 3D Systems by 26.0% during the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after acquiring an additional 799,157 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after purchasing an additional 38,431 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its holdings 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 valued at $3,475,000 after purchasing an additional 302,484 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in 3D Systems by 13.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock worth $2,821,000 after buying an additional 116,158 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in 3D Systems by 85.1% during 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 buying an additional 403,175 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.