Craig Hallum Trims 3D Systems (NYSE:DDD) Target Price to $10.00

3D Systems (NYSE:DDDGet Rating) had its target price reduced by research analysts at Craig Hallum from $18.00 to $10.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Craig Hallum’s price target points to a potential downside of 1.48% from the stock’s previous close.

DDD has been the subject of several other reports. B. Riley decreased their target price on shares of 3D Systems from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, March 1st. JPMorgan Chase & Co. decreased their price objective on shares of 3D Systems from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Tuesday, March 1st. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Bank of America cut their target price on shares of 3D Systems from $23.00 to $12.00 in a research note on Tuesday. Finally, Lake Street Capital cut their target price on shares of 3D Systems from $36.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, March 1st. Three 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.43.

DDD stock opened at $10.15 on Wednesday. The company has a quick ratio of 5.27, a current ratio of 5.80 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 3.95 and a beta of 1.38. 3D Systems has a 12 month low of $9.17 and a 12 month high of $41.48. The firm has a 50 day moving average of $14.45 and a two-hundred day moving average of $19.18.

3D Systems (NYSE:DDDGet Rating) last posted its earnings results on Monday, May 9th. The 3D printing company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $133.00 million during the quarter, compared to the consensus estimate of $132.67 million. 3D Systems had a net margin of 52.31% and a negative return on equity of 0.56%. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, research analysts expect that 3D Systems will post -0.28 EPS for the current fiscal year.

In related news, EVP Andrew Martin Johnson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $14.84, for a total value of $74,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jagtar Narula sold 5,863 shares of the stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $16.13, for a total transaction of $94,570.19. The disclosure for this sale can be found here. Insiders sold a total of 19,838 shares of company stock worth $328,804 in the last ninety days. Insiders own 3.45% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cordasco Financial Network raised its holdings in shares of 3D Systems by 350.0% in the third quarter. Cordasco Financial Network now owns 900 shares of the 3D printing company’s stock valued at $25,000 after purchasing an additional 700 shares during the last quarter. CWM LLC bought a new position in shares of 3D Systems in the fourth quarter valued at $58,000. Point72 Hong Kong Ltd bought a new position in shares of 3D Systems in the fourth quarter valued at $85,000. Concord Wealth Partners grew its stake in shares of 3D Systems by 142.5% in the fourth quarter. Concord Wealth Partners now owns 4,220 shares of the 3D printing company’s stock valued at $91,000 after buying an additional 2,480 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in 3D Systems during the fourth quarter worth $99,000. Institutional investors 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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