Other research analysts have also issued reports about the company. Zacks Investment Research lowered 3D Systems from a hold rating to a strong sell rating and set a $19.00 price objective on the stock. in a report on Tuesday, January 4th. Craig Hallum decreased their price objective on 3D Systems from $33.00 to $18.00 and set a hold rating on the stock in a report on Tuesday, March 1st. B. Riley decreased their price objective on 3D Systems from $24.00 to $22.00 and set a neutral rating on the stock in a report on Tuesday, March 1st. Lake Street Capital decreased their price objective on 3D Systems from $36.00 to $29.00 and set a buy rating on the stock in a report on Tuesday, March 1st. Finally, JPMorgan Chase & Co. decreased their price objective on 3D Systems from $22.00 to $18.00 and set an underweight rating on the stock in a report on Tuesday, March 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, 3D Systems presently has an average rating of Hold and a consensus price target of $23.14.
DDD opened at $11.83 on Monday. 3D Systems has a 1-year low of $11.10 and a 1-year high of $41.48. The stock’s fifty day simple moving average is $15.17 and its 200 day simple moving average is $19.82. The company has a current ratio of 5.80, a quick ratio of 5.27 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.54 billion, a PE ratio of 4.60 and a beta of 1.21.
In related news, EVP Andrew Martin Johnson sold 5,000 shares of the company’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $14.84, for a total transaction of $74,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Malissia Clinton sold 4,375 shares of the company’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $16.08, for a total value of $70,350.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,838 shares of company stock worth $328,804. 3.60% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC bought a new stake in shares of 3D Systems during the 3rd quarter worth $1,360,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of 3D Systems by 83.6% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,651,342 shares of the 3D printing company’s stock worth $78,650,000 after buying an additional 1,662,200 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of 3D Systems by 30.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 277,109 shares of the 3D printing company’s stock worth $6,130,000 after buying an additional 64,376 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of 3D Systems by 137.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 41,428 shares of the 3D printing company’s stock worth $892,000 after buying an additional 23,991 shares during the last quarter. Finally, Royal Bank of Canada raised its position in 3D Systems by 3.9% in the third quarter. Royal Bank of Canada now owns 168,850 shares of the 3D printing company’s stock valued at $4,654,000 after purchasing an additional 6,408 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.
3D Systems Company Profile (Get Rating)
3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, 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.
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