3D Systems Corporation (DDD) Earns Hold Rating from Stifel Nicolaus
Stifel Nicolaus restated their hold rating on shares of 3D Systems Corporation (NYSE:DDD) in a research note released on Wednesday, MarketBeat.com reports. The firm currently has a $11.00 target price on the 3D printing company’s stock, down from their previous target price of $15.00.
A number of other equities analysts have also recently weighed in on the company. BidaskClub cut 3D Systems Corporation from a hold rating to a sell rating in a report on Saturday, July 8th. Zacks Investment Research upgraded 3D Systems Corporation from a sell rating to a hold rating in a report on Tuesday, July 4th. Susquehanna Bancshares Inc assumed coverage on 3D Systems Corporation in a report on Thursday, July 13th. They issued a neutral rating and a $16.00 price target for the company. Jefferies Group LLC reiterated a hold rating and set a $17.00 target price on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Finally, Loop Capital assumed coverage on 3D Systems Corporation in a research note on Monday, July 24th. They set a hold rating and a $18.00 target price for the company. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $13.24.
3D Systems Corporation (NYSE:DDD) opened at $8.99 on Wednesday. 3D Systems Corporation has a fifty-two week low of $8.70 and a fifty-two week high of $23.70. The company has a quick ratio of 2.14, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.
3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $162.22 million. 3D Systems Corporation had a negative return on equity of 5.85% and a negative net margin of 8.01%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS. sell-side analysts anticipate that 3D Systems Corporation will post -0.13 EPS for the current fiscal year.
In other news, insider Vyomesh Joshi acquired 15,400 shares of 3D Systems Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the completion of the purchase, the insider now directly owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio acquired a new stake in 3D Systems Corporation in the second quarter worth $115,000. LS Investment Advisors LLC increased its position in 3D Systems Corporation by 20.0% in the second quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock worth $163,000 after buying an additional 1,452 shares during the period. PNC Financial Services Group Inc. increased its position in 3D Systems Corporation by 19.4% in the second quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after buying an additional 1,552 shares during the period. Riverhead Capital Management LLC increased its position in 3D Systems Corporation by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after buying an additional 4,326 shares during the period. Finally, Flinton Capital Management LLC increased its position in 3D Systems Corporation by 76.8% in the second quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after buying an additional 4,386 shares during the period. 56.65% of the stock is currently owned by hedge funds and other institutional investors.
3D Systems Corporation Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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