3D Systems (NYSE:DDD) had its target price trimmed by Piper Jaffray Companies from $18.00 to $12.50 in a research note published on Wednesday, The Fly reports. The firm currently has an overweight rating on the 3D printing company’s stock.

Other analysts have also recently issued reports about the company. TheStreet upgraded 3D Systems from a d rating to a c- rating in a research report on Thursday, March 21st. Bank of America dropped their price target on 3D Systems from $10.00 to $9.00 and set an underperform rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on 3D Systems to $8.00 and set an average rating on the stock in a research report on Friday, March 1st. Finally, Craig Hallum assumed coverage on 3D Systems in a research report on Monday, April 22nd. They set a hold rating and a $12.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $12.83.

NYSE DDD traded up $0.31 on Wednesday, hitting $8.71. 3,452,882 shares of the stock traded hands, compared to its average volume of 2,009,179. 3D Systems has a twelve month low of $7.95 and a twelve month high of $21.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.61 and a current ratio of 2.56.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Tuesday, May 7th. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.13). 3D Systems had a negative net margin of 7.26% and a negative return on equity of 6.26%. The firm had revenue of $152.00 million for the quarter, compared to analyst estimates of $164.69 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts anticipate that 3D Systems will post -0.09 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its holdings in 3D Systems by 42.1% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,177 shares of the 3D printing company’s stock worth $32,000 after buying an additional 942 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in 3D Systems during the 4th quarter valued at $43,000. NumerixS Investment Technologies Inc bought a new position in 3D Systems during the 4th quarter valued at $57,000. FinTrust Capital Advisors LLC boosted its stake in 3D Systems by 5,693.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,967 shares of the 3D printing company’s stock valued at $64,000 after purchasing an additional 5,864 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in 3D Systems by 144.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,446 shares of the 3D printing company’s stock valued at $69,000 after purchasing an additional 3,804 shares in the last quarter. Institutional investors and hedge funds own 69.01% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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The Fly

Analyst Recommendations for 3D Systems (NYSE:DDD)

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