3D Systems Corporation (NYSE:DDD) Stock Has Average Price Target of $5.50

3D Systems Corporation (NYSE:DDD) has been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.50.

A number of equities analysts have issued reports on the stock. Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th.

3D Systems Stock Performance

Shares of DDD stock opened at $3.52 on Wednesday. The stock has a fifty day moving average price of $3.29 and a 200 day moving average price of $2.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.27 and a current ratio of 3.40. The stock has a market cap of $584.85 million, a PE ratio of -8.59 and a beta of 2.75. 3D Systems has a 1 year low of $1.70 and a 1 year high of $4.12.

3D Systems (NYSE:DDD) last posted its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%.The company had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.01 million. Sell-side analysts forecast that 3D Systems will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at 3D Systems

In other 3D Systems news, CEO Jeffrey Graves sold 42,686 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $3.55, for a total transaction of $151,535.30. Following the sale, the chief executive officer owned 1,231,596 shares in the company, valued at approximately $4,372,165.80. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in shares of 3D Systems by 87.4% during the second quarter. NewEdge Advisors LLC now owns 11,873 shares of the 3D printing company’s stock valued at $36,000 after acquiring an additional 5,538 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in 3D Systems in the 4th quarter valued at about $27,000. WINTON GROUP Ltd acquired a new position in 3D Systems in the 2nd quarter valued at about $56,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in 3D Systems by 130.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 30,000 shares of the 3D printing company’s stock valued at $56,000 after purchasing an additional 17,000 shares in the last quarter. Finally, GC Wealth Management RIA LLC purchased a new position in 3D Systems in the 1st quarter valued at about $86,000. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Company Profile

3D Systems Corporation (NYSE:DDD) develops and provides additive manufacturing, commonly known as 3D printing, technologies for industrial and healthcare applications. The company offers 3D printers, printing materials, software, design and production services, and related support to help customers move from product development and prototyping to production.

Its solutions serve industries including aerospace and defense, automotive, healthcare, dental, consumer products, and general manufacturing.