3D Systems Co. (NYSE:DDD) Receives Average Rating of “Hold” from Analysts

3D Systems Co. (NYSE:DDDGet Rating) has earned an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.43.

A number of equities research analysts have recently weighed in on DDD shares. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Thursday, May 12th. Lake Street Capital reduced their price objective on shares of 3D Systems from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 1st. B. Riley reduced their price objective on shares of 3D Systems from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, March 1st. JPMorgan Chase & Co. cut their price target on shares of 3D Systems from $22.00 to $18.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 1st. Finally, Bank of America cut their price target on shares of 3D Systems from $23.00 to $12.00 in a research note on Tuesday, May 10th.

In other news, Director Malissia Clinton sold 4,375 shares of 3D Systems stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $16.08, for a total value of $70,350.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jagtar Narula sold 5,863 shares of 3D Systems stock in a transaction dated 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. Over the last 90 days, insiders sold 10,838 shares of company stock worth $174,604. 3.45% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of DDD. BlackRock Inc. boosted its holdings in 3D Systems by 0.7% during the first quarter. BlackRock Inc. now owns 19,931,354 shares of the 3D printing company’s stock worth $332,454,000 after buying an additional 135,908 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 3D Systems by 1.0% during the first quarter. Vanguard Group Inc. now owns 13,588,454 shares of the 3D printing company’s stock worth $226,656,000 after buying an additional 130,597 shares in the last quarter. Invesco Ltd. boosted its holdings in 3D Systems by 0.5% during the first quarter. Invesco Ltd. now owns 5,796,473 shares of the 3D printing company’s stock worth $96,685,000 after buying an additional 29,582 shares in the last quarter. ARK Investment Management LLC lifted its holdings in shares of 3D Systems by 38.3% in the fourth quarter. ARK Investment Management LLC now owns 5,550,443 shares of the 3D printing company’s stock valued at $119,557,000 after purchasing an additional 1,538,274 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of 3D Systems by 4.4% in the first quarter. State Street Corp now owns 4,662,937 shares of the 3D printing company’s stock valued at $77,778,000 after purchasing an additional 195,397 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of DDD stock opened at $10.51 on Friday. 3D Systems has a 52 week low of $8.78 and a 52 week high of $41.48. The firm has a 50 day moving average of $12.22 and a two-hundred day moving average of $16.55. The stock has a market capitalization of $1.37 billion, a PE ratio of 5.26 and a beta of 1.39. The company has a quick ratio of 5.90, a current ratio of 6.57 and a debt-to-equity ratio of 0.54.

3D Systems (NYSE:DDDGet Rating) last announced its quarterly earnings data on Monday, May 9th. The 3D printing company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). 3D Systems had a net margin of 41.50% and a negative return on equity of 5.29%. The firm had revenue of $133.00 million during the quarter, compared to analyst estimates of $132.67 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. 3D Systems’s revenue for the quarter was down 9.0% compared to the same quarter last year. Analysts expect that 3D Systems will post -0.39 EPS for the current fiscal year.

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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Analyst Recommendations for 3D Systems (NYSE:DDD)

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