Piper Jaffray Cos. Reiterates “Underweight” Rating for 3D Systems Corp. (DDD)
3D Systems Corp. (NYSE:DDD)‘s stock had its “underweight” rating reaffirmed by stock analysts at Piper Jaffray Cos. in a research note issued to investors on Saturday. They presently have a $10.50 target price on the 3D printing company’s stock. Piper Jaffray Cos.’s price objective suggests a potential downside of 26.37% from the company’s current price.
A number of other equities analysts have also weighed in on DDD. Vetr lowered shares of 3D Systems Corp. from a “hold” rating to a “sell” rating and set a $13.10 price objective for the company. in a research report on Tuesday, June 21st. Zacks Investment Research raised shares of 3D Systems Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. JPMorgan Chase & Co. reissued a “sell” rating on shares of 3D Systems Corp. in a research report on Wednesday, July 20th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems Corp. in a research report on Thursday, August 4th. Finally, 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. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.23.
3D Systems Corp. (NYSE:DDD) traded down 3.78% during trading on Friday, hitting $14.26. 4,812,242 shares of the company were exchanged. 3D Systems Corp. has a 12 month low of $6.00 and a 12 month high of $19.76. The company has a 50-day moving average of $16.29 and a 200-day moving average of $14.90. The company’s market capitalization is $1.60 billion.
3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings data 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 business earned $158.10 million during the quarter, compared to analyst estimates of $161.01 million. 3D Systems Corp. had a negative net margin of 100.84% and a positive return on equity of 1.55%. The company’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 earnings per share. Analysts forecast that 3D Systems Corp. will post $0.39 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning increased its position in 3D Systems Corp. by 16.0% in the second quarter. Creative Planning now owns 33,897 shares of the 3D printing company’s stock worth $464,000 after buying an additional 4,666 shares during the period. First Republic Investment Management Inc. increased its position in 3D Systems Corp. by 20.9% in the first quarter. First Republic Investment Management Inc. now owns 45,113 shares of the 3D printing company’s stock worth $698,000 after buying an additional 7,813 shares during the period. Thrax Management LLC bought a new position in 3D Systems Corp. during the first quarter worth approximately $464,000. Jacobs Levy Equity Management Inc. bought a new position in 3D Systems Corp. during the first quarter worth approximately $13,660,000. Finally, OMERS ADMINISTRATION Corp bought a new position in 3D Systems Corp. during the first quarter worth approximately $387,000. Hedge funds and other institutional investors own 50.16% of the company’s stock.
3D Systems Corp. Company Profile
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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