3D Systems Corp. (NYSE:DDD)’s share price traded down 9.6% on Monday . The company traded as low as $12.73 and last traded at $13.30, with a volume of 5,784,748 shares. The stock had previously closed at $14.71.

DDD has been the topic of several research analyst reports. Needham & Company LLC cut 3D Systems Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. They noted that the move was a valuation call. Citigroup Inc. cut 3D Systems Corp. from a “neutral” rating to a “sell” rating and lifted their target price for the company from $10.00 to $15.00 in a research note on Friday, April 15th. They noted that the move was a valuation call. Stephens reaffirmed a “buy” rating on shares of 3D Systems Corp. in a research note on Sunday, April 17th. Bank of America Corp. raised 3D Systems Corp. from an “underperform” rating to a “buy” rating and lifted their target price for the company from $11.00 to $26.00 in a research note on Thursday, April 14th. Finally, Vetr raised 3D Systems Corp. from a “strong sell” rating to a “hold” rating and set a $16.30 target price on the stock in a research note on Monday, May 2nd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. 3D Systems Corp. has a consensus rating of “Hold” and a consensus target price of $14.71.

The firm’s market capitalization is $1.51 billion. The company has a 50-day moving average price of $13.40 and a 200 day moving average price of $12.47.

3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings results on Thursday, May 5th. The 3D printing company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $152.60 million for the quarter, compared to analyst estimates of $156.30 million. The company’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. Equities research analysts anticipate that 3D Systems Corp. will post $0.33 EPS for the current year.

In other news, Director G Walter Loewenbaum II purchased 20,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were acquired at an average price of $12.08 per share, with a total value of $241,600.00. Following the completion of the purchase, the director now directly owns 1,004,810 shares of the company’s stock, valued at approximately $12,138,104.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Other institutional investors recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its position in 3D Systems Corp. by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 136,815 shares of the 3D printing company’s stock valued at $1,189,000 after buying an additional 1,882 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in 3D Systems Corp. by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 151,039 shares of the 3D printing company’s stock worth $1,313,000 after buying an additional 950 shares in the last quarter. I.G. Investment Management LTD. raised its stake in 3D Systems Corp. by 36.9% in the fourth quarter. I.G. Investment Management LTD. now owns 151,360 shares of the 3D printing company’s stock worth $1,315,000 after buying an additional 40,800 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 3D Systems Corp. by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 192,719 shares of the 3D printing company’s stock worth $1,675,000 after buying an additional 1,500 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in 3D Systems Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 211,389 shares of the 3D printing company’s stock worth $1,837,000 after buying an additional 3,382 shares in the last quarter.

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

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