3D Systems (NYSE:DDD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a report released on Saturday.

A number of other research firms have also recently issued reports on DDD. Weiss Ratings reissued a “sell (d)” rating on shares of 3D Systems in a research report on Monday, December 29th. Leerink Partners reaffirmed an “outperform” rating on shares of 3D Systems in a research report on Tuesday, March 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price target on shares of 3D Systems in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $5.00.

3D Systems Stock Up 0.4%

DDD stock opened at $2.43 on Friday. 3D Systems has a 12-month low of $1.32 and a 12-month high of $3.80. The company has a quick ratio of 1.82, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The company has a market cap of $354.95 million, a price-to-earnings ratio of -243,000.00 and a beta of 2.39. The company has a 50 day moving average of $2.28 and a two-hundred day moving average of $2.36.

3D Systems (NYSE:DDD) last issued its earnings results on Monday, March 9th. The 3D printing company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). 3D Systems had a net margin of 7.72% and a negative return on equity of 34.60%. The company had revenue of $106.30 million for the quarter, compared to analyst estimates of $97.99 million. On average, equities analysts anticipate that 3D Systems will post -0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of 3D Systems by 5,139.4% in the first 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 period. CIBC Bancorp USA Inc. bought a new stake in shares of 3D Systems during the 3rd quarter worth $41,000. Founders Financial Securities LLC acquired a new position in 3D Systems in the 3rd quarter valued at $50,000. Prudential Financial Inc. grew its stake in 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 7,887 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in 3D Systems in the 3rd quarter worth $54,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.