3D Systems (NYSE:DDD) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a report published on Monday.

A number of other analysts have also issued reports on DDD. Needham & Company LLC reaffirmed a hold rating on shares of 3D Systems in a report on Friday. Cantor Fitzgerald dropped their price target on 3D Systems from $5.50 to $3.75 and set an overweight rating for the company in a report on Friday.

3D Systems Price Performance

Shares of NYSE DDD opened at $2.14 on Monday. The business has a fifty day simple moving average of $3.09 and a 200-day simple moving average of $3.70. 3D Systems has a 12 month low of $2.07 and a 12 month high of $6.85. The company has a quick ratio of 2.42, a current ratio of 3.46 and a debt-to-equity ratio of 0.55.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, August 20th. The 3D printing company reported ($0.23) earnings per share for the quarter. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. The firm had revenue of $102.91 million for the quarter. On average, research analysts predict that 3D Systems will post -0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 3D Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of 3D Systems by 0.7% in the first quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock valued at $63,127,000 after buying an additional 98,797 shares during the period. ARK Investment Management LLC grew its position in 3D Systems by 6.4% during the second quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock worth $9,454,000 after buying an additional 185,347 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 3D Systems by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,130,655 shares of the 3D printing company’s stock worth $7,180,000 after purchasing an additional 92,167 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in 3D Systems by 3.9% during the first quarter. Pinnacle Associates Ltd. now owns 1,073,474 shares of the 3D printing company’s stock worth $4,766,000 after purchasing an additional 40,198 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its stake in shares of 3D Systems by 14.7% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 921,275 shares of the 3D printing company’s stock valued at $2,828,000 after purchasing an additional 118,096 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

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.