3D Systems Corp. (DDD) Trading Up 2.9%
3D Systems Corp. (NYSE:DDD) was up 2.9% during mid-day trading on Monday . The stock traded as high as $16.18 and last traded at $15.83, with a volume of 2,128,890 shares changing hands. The stock had previously closed at $15.38.
Several equities research analysts have issued reports on DDD shares. Jefferies Group boosted their price objective on shares of 3D Systems Corp. from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. Needham & Company LLC cut shares of 3D Systems Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. They noted that the move was a valuation call. Vetr cut shares of 3D Systems Corp. from a “sell” rating to a “strong sell” rating and set a $11.10 price objective for the company. in a research report on Monday, July 25th. Zacks Investment Research cut shares of 3D Systems Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, FBR & Co initiated coverage on shares of 3D Systems Corp. in a research report on Tuesday, May 24th. They issued a “market perform” rating and a $14.50 price target for the company. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. 3D Systems Corp. currently has a consensus rating of “Hold” and an average target price of $14.11.
The stock’s 50-day moving average price is $14.15 and its 200 day moving average price is $13.53. The company’s market cap is $1.77 billion.
3D Systems Corp. (NYSE:DDD) last announced its quarterly earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $158.10 million for the quarter, compared to analyst estimates of $161.01 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. 3D Systems Corp.’s revenue was down 7.3% on a year-over-year basis. Equities research analysts expect that 3D Systems Corp. will post $0.39 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in 3D Systems Corp. stock. Dimensional Fund Advisors LP increased its position in shares of 3D Systems Corp. (NYSE:DDD) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 192,719 shares of the 3D printing company’s stock after buying an additional 1,500 shares during the period. Dimensional Fund Advisors LP owned 0.17% of 3D Systems Corp. worth $1,675,000 as of its most recent SEC filing.
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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