Shares of 3D Systems Corp. (NYSE:DDD) dropped 9.6% during mid-day trading on Monday . The stock traded as low as $12.73 and last traded at $13.30, with a volume of 5,784,748 shares trading hands. The stock had previously closed at $14.71.

DDD has been the topic of several research reports. Zacks Investment Research upgraded 3D Systems Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, March 28th. Jefferies Group reiterated a “hold” rating on shares of 3D Systems Corp. in a research report on Friday, April 1st. Canaccord Genuity reiterated a “hold” rating and set a $13.00 price target on shares of 3D Systems Corp. in a research report on Tuesday, April 5th. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price target (up from $16.00) on shares of 3D Systems Corp. in a research report on Tuesday, April 5th. Finally, Bank of America Corp. upgraded 3D Systems Corp. from an “underperform” rating to a “buy” rating and increased their price target for the stock from $11.00 to $26.00 in a research report on Thursday, April 14th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.71.

The firm has a 50 day moving average of $13.41 and a 200-day moving average of $12.56. The company’s market capitalization is $1.50 billion.

3D Systems Corp. (NYSE:DDD) last announced its quarterly earnings results on Thursday, May 5th. The 3D printing company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $152.60 million for the quarter, compared to the consensus estimate of $156.30 million. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. On average, equities research analysts anticipate that 3D Systems Corp. will post $0.32 earnings per share for the current year.

In other news, Director G Walter Loewenbaum II bought 20,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $12.08 per share, for a total transaction of $241,600.00. Following the completion of the purchase, the director now owns 1,004,810 shares of the company’s stock, valued at approximately $12,138,104.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Retirement Systems of Alabama boosted 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 worth $1,189,000 after buying an additional 1,882 shares during the period. State Board of Administration of Florida Retirement System boosted its position 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 during the period. Investment Management of Virginia LLC boosted its position in 3D Systems Corp. by 1.2% in the fourth quarter. Investment Management of Virginia LLC now owns 1,644,858 shares of the 3D printing company’s stock worth $14,294,000 after buying an additional 19,405 shares during the period. Dimensional Fund Advisors LP boosted its position 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 during the period. Finally, I.G. Investment Management LTD. boosted its position 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 during the period.

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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