3D Systems Corp. (DDD) Trading 6.1% Higher
3D Systems Corp. (NYSE:DDD)’s share price traded up 6.1% during mid-day trading on Friday . The company traded as high as $15.18 and last traded at $15.08, with a volume of 1,811,713 shares changing hands. The stock had previously closed at $14.21.
A number of equities analysts have recently issued reports on the stock. Vetr cut shares of 3D Systems Corp. from a “sell” rating to a “strong sell” rating and set a $13.10 price objective for the company. in a research note on Monday, July 18th. Piper Jaffray Cos. cut shares of 3D Systems Corp. from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $12.00 to $10.50 in a research report on Monday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems Corp. in a research report on Thursday, August 4th. Jefferies Group increased their target price on shares of 3D Systems Corp. from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of 3D Systems Corp. in a research report on Wednesday, June 8th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.13.
The stock’s market cap is $1.67 billion. The firm has a 50-day moving average of $14.59 and a 200-day moving average of $13.98.
3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. The company earned $158.10 million during the quarter, compared to analyst estimates of $161.01 million. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. On average, equities research analysts forecast that 3D Systems Corp. will post $0.39 earnings per share for the current fiscal year.
An institutional investor recently raised its position 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 Form 13F filing with the Securities and Exchange Commission. 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 about 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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