3D Systems Corporation (NYSE:DDD) Stock Has Consensus Target Price of $5.50 According to Brokerages

Shares of 3D Systems Corporation (NYSE:DDD) have received a consensus rating of “Hold” from the five research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.50.

Several analysts have recently commented on the stock. Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th.

3D Systems Stock Performance

NYSE:DDD opened at $2.75 on Friday. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $3.39 and a two-hundred day moving average price of $2.99. 3D Systems has a twelve month low of $1.70 and a twelve month high of $4.12. The company has a market capitalization of $456.91 million, a P/E ratio of -6.71 and a beta of 2.77.

3D Systems (NYSE:DDD) last announced its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. The company had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.01 million. As a group, research analysts expect 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

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of 3D Systems by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company’s stock worth $3,537,000 after acquiring an additional 320,427 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of 3D Systems by 16.2% in the first quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company’s stock valued at $2,180,000 after acquiring an additional 161,643 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of 3D Systems in the second quarter valued at $1,221,000. Squarepoint Ops LLC acquired a new stake in shares of 3D Systems during the second quarter valued at $774,000. Finally, PFG Investments LLC boosted its stake in shares of 3D Systems by 91.4% during the first quarter. PFG Investments LLC now owns 159,175 shares of the 3D printing company’s stock valued at $299,000 after acquiring an additional 75,990 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

About 3D Systems

3D Systems Corporation (NYSE: DDD) develops and provides additive manufacturing technologies, commonly known as 3D printing. The company serves industrial and healthcare customers with systems designed to produce prototypes, production parts, models, and customized components.

Its offerings include 3D printers, printing materials, software, and related services. The company supports multiple additive manufacturing processes and materials, including polymer and metal-based technologies, and provides design, engineering, production, and healthcare solutions for applications such as aerospace, automotive, medical devices, dental products, and industrial manufacturing.

Founded in 1986 by Chuck Hull, the inventor of stereolithography, 3D Systems is widely recognized as one of the pioneers of commercial 3D printing.