Weiss Ratings Reaffirms Sell (D-) Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Several other brokerages have also weighed in on DDD. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

Shares of DDD opened at $3.75 on Friday. The company’s fifty day moving average price is $3.35 and its 200 day moving average price is $3.04. 3D Systems has a one year low of $1.72 and a one year high of $5.75. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The company has a market capitalization of $507.90 million, a PE ratio of -0.94 and a beta of 1.63.

3D Systems (NYSE:DDD) last announced its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, analysts expect that 3D Systems will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jeffrey A. Graves bought 60,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction that occurred 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 owns 331,955 shares in the company, valued at $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund boosted its holdings in 3D Systems by 496.9% in the fourth quarter. New York State Common Retirement Fund now owns 21,502 shares of the 3D printing company’s stock valued at $71,000 after acquiring an additional 17,900 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of 3D Systems by 2.2% during the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock worth $680,000 after acquiring an additional 4,451 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in 3D Systems by 230.6% during the 4th quarter. Vontobel Holding Ltd. now owns 52,900 shares of the 3D printing company’s stock valued at $174,000 after buying an additional 36,900 shares during the period. Pacer Advisors Inc. raised its holdings in 3D Systems by 104.5% during the 4th quarter. Pacer Advisors Inc. now owns 18,465 shares of the 3D printing company’s stock valued at $61,000 after buying an additional 9,434 shares during the period. Finally, Blue Trust Inc. grew its position in 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after acquiring an additional 8,050 shares during the last quarter. 64.49% of the stock is currently owned by 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.