Impact Partnership Wealth LLC Has $60,000 Holdings in 3D Systems Co. (NYSE:DDD)

Impact Partnership Wealth LLC raised its holdings in shares of 3D Systems Co. (NYSE:DDD) by 49.4% during the third quarter, HoldingsChannel.com reports. The firm owned 21,157 shares of the 3D printing company’s stock after acquiring an additional 6,992 shares during the quarter. Impact Partnership Wealth LLC’s holdings in 3D Systems were worth $60,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DDD. Vanguard Group Inc. lifted its position in 3D Systems by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 14,118,982 shares of the 3D printing company’s stock valued at $89,656,000 after purchasing an additional 168,162 shares during the period. PNC Financial Services Group Inc. raised its position in shares of 3D Systems by 54.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,986 shares of the 3D printing company’s stock valued at $133,000 after acquiring an additional 7,438 shares during the period. SteelPeak Wealth LLC acquired a new stake in shares of 3D Systems in the 1st quarter valued at approximately $463,000. First Trust Direct Indexing L.P. acquired a new stake in shares of 3D Systems in the 1st quarter valued at approximately $86,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of 3D Systems by 26.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,099 shares of the 3D printing company’s stock valued at $1,976,000 after acquiring an additional 91,976 shares during the period. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

3D Systems Price Performance

NYSE DDD opened at $2.86 on Friday. The business has a 50 day simple moving average of $2.59 and a 200 day simple moving average of $3.19. 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. The stock has a market cap of $381.34 million, a price-to-earnings ratio of -1.05 and a beta of 1.66.

3D Systems (NYSE:DDD) last posted its earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share (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 the consensus estimate of $125.15 million. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. Analysts anticipate that 3D Systems Co. will post -0.67 earnings per share for the current fiscal 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.