3D Systems (NYSE:DDD) Shares Gap Up Following Insider Buying Activity

Shares of 3D Systems Co. (NYSE:DDD) gapped up before the market opened on Thursday following insider buying activity. The stock had previously closed at $3.58, but opened at $3.90. 3D Systems shares last traded at $3.75, with a volume of 556,249 shares changing hands.

Specifically, CEO Jeffrey A. Graves acquired 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DDD shares. Loop Capital cut their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Lake Street Capital reduced their price objective on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald reduced their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research report on Friday, August 30th. Four 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.com, the stock currently has an average rating of “Hold” and an average price target of $3.25.

3D Systems Price Performance

The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $474.67 million, a price-to-earnings ratio of -0.88 and a beta of 1.64. The firm has a 50-day simple moving average of $3.20 and a two-hundred day simple moving average of $3.09.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in 3D Systems during the third quarter worth approximately $25,000. Murchinson Ltd. acquired a new position in shares of 3D Systems during the 3rd quarter worth approximately $28,000. HighTower Advisors LLC purchased a new stake in shares of 3D Systems in the third quarter valued at approximately $31,000. Inspire Investing LLC acquired a new stake in shares of 3D Systems in the second quarter valued at approximately $35,000. Finally, Ballentine Partners LLC acquired a new position in 3D Systems during the third quarter worth $36,000. 64.49% of the stock is owned by institutional investors and hedge funds.

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.