Silverberg Bernstein Capital Management LLC Purchases 298,310 Shares of 3D Systems Corporation $DDD

Silverberg Bernstein Capital Management LLC increased its holdings in shares of 3D Systems Corporation (NYSE:DDD) by 14.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,338,970 shares of the 3D printing company’s stock after purchasing an additional 298,310 shares during the period. 3D Systems makes up 4.1% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 7th biggest position. Silverberg Bernstein Capital Management LLC owned approximately 1.82% of 3D Systems worth $6,783,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DDD. Prudential Financial Inc. raised its stake in shares of 3D Systems by 74.8% during the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after buying an additional 7,887 shares during the period. NewEdge Advisors LLC boosted its holdings in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares during the last quarter. State of Wyoming acquired a new position in 3D Systems in the first quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new position in shares of 3D Systems during the 1st quarter worth $45,000. Finally, Hsbc Holdings PLC boosted its position in shares of 3D Systems by 61.7% during the 1st quarter. Hsbc Holdings PLC now owns 23,966 shares of the 3D printing company’s stock worth $51,000 after purchasing an additional 9,145 shares during the period. 64.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research cut 3D Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a research report on Monday. Wall Street Zen downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald upped their price objective on 3D Systems from $4.00 to $4.75 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.75.

3D Systems Trading Down 2.9%

Shares of DDD stock opened at $1.86 on Thursday. The business has a fifty day simple moving average of $2.46 and a 200-day simple moving average of $2.18. The stock has a market cap of $238.81 million, a P/E ratio of -18.55 and a beta of 1.88. 3D Systems Corporation has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The company has a quick ratio of 1.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.55.

3D Systems (NYSE:DDD) last released its earnings results on Tuesday, November 4th. The 3D printing company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. 3D Systems had a net margin of 4.01% and a negative return on equity of 38.72%. The company had revenue of $91.25 million for the quarter, compared to analyst estimates of $93.04 million. On average, analysts forecast that 3D Systems Corporation will post -0.73 earnings per share for the current fiscal year.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.