3D Systems (NYSE:DDD) Stock Price Up 11.9% – Time to Buy?

3D Systems Corporation (NYSE:DDD)’s stock price rose 11.9% during trading on Wednesday . The company traded as high as $3.60 and last traded at $3.57. Approximately 1,151,631 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 4,027,762 shares. The stock had previously closed at $3.19.

Analyst Upgrades and Downgrades

DDD has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 price target on shares of 3D Systems in a research report on Wednesday, May 13th. Leerink Partners restated an “outperform” rating on shares of 3D Systems in a research report on Tuesday, March 10th. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings upgraded shares of 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, 3D Systems has an average rating of “Hold” and a consensus price target of $5.00.

3D Systems Price Performance

The company’s fifty day moving average is $2.70 and its two-hundred day moving average is $2.33. The firm has a market capitalization of $518.72 million, a price-to-earnings ratio of 14.12 and a beta of 2.71. The company has a quick ratio of 1.73, a current ratio of 2.76 and a debt-to-equity ratio of 0.37.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.08. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%. The business had revenue of $95.50 million for the quarter, compared to analyst estimates of $92.39 million. Equities research analysts anticipate that 3D Systems Corporation will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 3D Systems

Several large investors have recently bought and sold shares of the company. Capital World Investors bought a new stake in shares of 3D Systems during the third quarter worth $15,104,000. Nuveen LLC grew its position in 3D Systems by 406.4% in the fourth quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock valued at $4,787,000 after purchasing an additional 2,170,415 shares in the last quarter. State Street Corp grew its position in 3D Systems by 15.9% in the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock valued at $20,107,000 after purchasing an additional 1,556,321 shares in the last quarter. Marshall Wace LLP lifted its stake in 3D Systems by 596.7% in the fourth quarter. Marshall Wace LLP now owns 1,799,804 shares of the 3D printing company’s stock valued at $3,186,000 after acquiring an additional 1,541,475 shares during the last quarter. Finally, Penn Capital Management Company LLC lifted its stake in 3D Systems by 992.1% in the fourth quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock valued at $2,288,000 after acquiring an additional 1,174,038 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

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.