3D Systems Co. (NYSE:DDD) Receives $3.25 Consensus PT from Brokerages

3D Systems Co. (NYSE:DDD) has received an average rating of “Hold” from the five brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.25.

Several analysts have weighed in on DDD shares. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Thursday, December 12th.

3D Systems Stock Down 4.9 %

Shares of NYSE:DDD opened at $3.10 on Friday. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.75. The firm has a fifty day moving average of $3.30 and a 200 day moving average of $3.05. The firm has a market capitalization of $420.42 million, a PE ratio of -0.78 and a beta of 1.61. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Insider Activity

In related news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the transaction, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, with a total value 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 $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors have recently bought and sold shares of the stock. ARK Investment Management LLC raised its stake in 3D Systems by 26.0% in the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after buying an additional 799,157 shares in the last quarter. Geode Capital Management LLC raised its stake in 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after buying an additional 38,431 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its stake in 3D Systems by 32.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after buying an additional 302,484 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in 3D Systems by 13.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock worth $2,821,000 after buying an additional 116,158 shares in the last quarter. Finally, Walleye Capital LLC grew its holdings in 3D Systems by 3,140.9% in the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock worth $1,445,000 after purchasing an additional 525,688 shares during the period. 64.49% of the stock is owned by institutional investors.

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.