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

3D Systems (NYSE:DDD) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other brokerages also recently commented on DDD. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Friday, November 15th. Lake Street Capital lowered 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. Loop Capital dropped their price objective on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Finally, Cantor Fitzgerald reduced their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

NYSE:DDD opened at $2.96 on Thursday. The company has a market cap of $395.38 million, a P/E ratio of -0.74 and a beta of 1.65. 3D Systems has a twelve month low of $1.72 and a twelve month high of $6.85. The company’s 50-day moving average price is $3.03 and its 200-day moving average price is $3.12. The company has a current ratio of 3.31, a quick ratio of 2.42 and a debt-to-equity ratio of 0.97.

3D Systems (NYSE:DDD) last released its earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The business had revenue of $113.25 million during the quarter, compared to analysts’ expectations of $125.15 million. 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. On average, sell-side analysts forecast that 3D Systems will post -0.67 earnings per share for the current fiscal year.

Institutional Trading of 3D Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in 3D Systems by 0.7% during the first quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after purchasing an additional 98,797 shares in the last quarter. Tidal Investments LLC acquired a new position in 3D Systems during the 1st quarter worth about $271,000. Susquehanna Fundamental Investments LLC acquired a new position in 3D Systems during the 2nd quarter worth about $824,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in 3D Systems by 85.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after acquiring an additional 403,175 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in 3D Systems by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 116,215 shares of the 3D printing company’s stock worth $516,000 after purchasing an additional 16,621 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

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.