3D Systems Corp. (DDD) Stock Price Up 2.9%
3D Systems Corp. (NYSE:DDD)’s share price rose 2.9% during 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.
DDD has been the subject of several research analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 price objective on shares of 3D Systems Corp. in a research report on Friday, May 6th. Zacks Investment Research lowered shares of 3D Systems Corp. from a “hold” rating to a “strong sell” rating in a research report on Monday, May 16th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of 3D Systems Corp. in a research report on Wednesday, July 20th. 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 Monday, July 11th. Finally, Pacific Crest reaffirmed an “equal weight” rating on shares of 3D Systems Corp. in a research report on Sunday, June 5th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. 3D Systems Corp. presently has a consensus rating of “Hold” and an average target price of $14.11.
The stock’s market cap is $1.82 billion. The firm’s 50-day moving average price is $14.26 and its 200 day moving average price is $13.70.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings data on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. During the same quarter in the prior year, the firm posted $0.03 EPS. The firm earned $158.10 million during the quarter, compared to analysts’ expectations of $161.01 million. 3D Systems Corp.’s quarterly revenue was down 7.3% compared to the same quarter last year. Equities research analysts forecast 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 boosted 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 SEC. The institutional investor 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 at the end of the most recent reporting 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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