3D Systems Co. (NYSE:DDD) shares were down 7.7% on Wednesday . The stock traded as low as $9.78 and last traded at $9.89. Approximately 4,443,584 shares traded hands during trading, an increase of 54% from the average daily volume of 2,880,391 shares. The stock had previously closed at $10.71.

Several research firms have issued reports on DDD. Bank of America downgraded 3D Systems from a “buy” rating to an “underperform” rating and lifted their price target for the company from $9.63 to $12.38 in a research note on Wednesday, November 1st. Zacks Investment Research raised 3D Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Citigroup dropped their price target on 3D Systems from $13.00 to $8.50 and set a “sell” rating on the stock in a research note on Thursday, November 2nd. Piper Jaffray Companies reissued a “sell” rating and issued a $10.00 price target on shares of 3D Systems in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $11.00 price target (down previously from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. Six research 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. 3D Systems currently has an average rating of “Hold” and an average price target of $12.68.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. The company has a market capitalization of $1,230.00, a PE ratio of -22.93 and a beta of 1.47.

3D Systems (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The company had revenue of $152.90 million during the quarter, compared to analyst estimates of $162.22 million. 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. 3D Systems’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. equities analysts forecast that 3D Systems Co. will post -0.3 EPS for the current year.

In related news, Director G Walter Loewenbaum II bought 40,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average price of $8.94 per share, with a total value of $362,070.00. Following the completion of the transaction, the director now owns 1,053,707 shares in the company, valued at $9,420,140.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 47,930 shares of company stock worth $428,048. 5.00% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in 3D Systems by 5.2% during the second quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock worth $169,369,000 after buying an additional 446,186 shares during the last quarter. Villere ST Denis J & Co. LLC increased its position in 3D Systems by 1.4% during the third quarter. Villere ST Denis J & Co. LLC now owns 4,953,090 shares of the 3D printing company’s stock worth $66,321,000 after buying an additional 68,300 shares during the last quarter. State Street Corp increased its position in 3D Systems by 4.0% during the second quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock worth $64,779,000 after buying an additional 134,652 shares during the last quarter. Pictet Asset Management Ltd. increased its position in 3D Systems by 294.2% during the third quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock worth $34,115,000 after buying an additional 1,901,406 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in 3D Systems by 62.8% during the third quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock worth $27,934,000 after buying an additional 805,000 shares during the last quarter. 60.34% of the stock is currently owned by institutional investors and hedge funds.

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3D Systems 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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