3D Systems (NYSE:DDD) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of 3D Systems (NYSE:DDD) in a research note published on Friday morning,Benzinga reports.

Several other equities research analysts have also issued reports on the stock. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Loop Capital lowered their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Lake Street Capital dropped their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald decreased their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Up 0.7 %

NYSE DDD opened at $2.97 on Friday. 3D Systems has a twelve month low of $1.72 and a twelve month high of $6.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.42 and a current ratio of 3.31. The stock has a market cap of $402.79 million, a PE ratio of -0.75 and a beta of 1.65. The firm has a 50-day simple moving average of $3.04 and a 200 day simple moving average of $3.11.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $113.25 million for the quarter, compared to analyst estimates 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, research analysts forecast that 3D Systems will post -0.67 EPS for the current year.

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 acquiring an additional 98,797 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in 3D Systems by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,215 shares of the 3D printing company’s stock valued at $516,000 after purchasing an additional 16,621 shares during the last quarter. Tidal Investments LLC acquired a new position in 3D Systems in the first quarter worth $271,000. Silverberg Bernstein Capital Management LLC grew its holdings in shares of 3D Systems by 14.7% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 921,275 shares of the 3D printing company’s stock worth $2,828,000 after purchasing an additional 118,096 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after buying an additional 403,175 shares in the last quarter. 64.49% of the stock is owned by 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.