AE Wealth Management LLC Makes New $47,000 Investment in 3D Systems Co. (NYSE:DDD)

AE Wealth Management LLC bought a new stake in shares of 3D Systems Co. (NYSE:DDD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,249 shares of the 3D printing company’s stock, valued at approximately $47,000.

A number of other hedge funds have also recently made changes to their positions in DDD. Intech Investment Management LLC purchased a new stake in 3D Systems in the 2nd quarter valued at about $151,000. Inspire Investing LLC purchased a new stake in shares of 3D Systems in the second quarter valued at approximately $35,000. XTX Topco Ltd bought a new position in 3D Systems in the second quarter worth approximately $57,000. Inspire Advisors LLC increased its holdings in 3D Systems by 24.2% during the 2nd quarter. Inspire Advisors LLC now owns 46,960 shares of the 3D printing company’s stock worth $144,000 after purchasing an additional 9,136 shares during the period. Finally, Federated Hermes Inc. raised its position in 3D Systems by 21.8% during the 2nd quarter. Federated Hermes Inc. now owns 55,180 shares of the 3D printing company’s stock valued at $169,000 after purchasing an additional 9,860 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DDD has been the topic of a number of recent research reports. Loop Capital cut their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Friday, August 30th. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Lake Street Capital reduced their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Cantor Fitzgerald lowered their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Trading Up 8.2 %

NYSE DDD opened at $2.89 on Friday. The firm has a market cap of $386.02 million, a PE ratio of -1.02 and a beta of 1.65. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $6.85. The company has a quick ratio of 2.42, a current ratio of 3.46 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average price of $2.67 and a 200 day moving average price of $3.37.

3D Systems (NYSE:DDD) last released its earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The firm had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. As a group, sell-side analysts forecast that 3D Systems Co. will post -0.67 EPS for the current fiscal year.

3D Systems Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, 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.