3D Systems Co. (NYSE:DDD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of 3D Systems Co. (NYSE:DDD) have been assigned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned 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 $3.67.

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research report on Tuesday, April 8th. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research note on Friday, April 4th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Friday, March 28th. Finally, Cantor Fitzgerald dropped their target price on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th.

3D Systems Price Performance

DDD opened at $1.86 on Monday. The company’s 50-day simple moving average is $2.84 and its two-hundred day simple moving average is $3.16. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The stock has a market capitalization of $251.83 million, a P/E ratio of -0.47 and a beta of 1.81. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.00.

Hedge Funds Weigh In On 3D Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its position in 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after buying an additional 8,050 shares in the last quarter. HighTower Advisors LLC bought a new stake in 3D Systems during the 3rd quarter worth approximately $31,000. Cibc World Markets Corp purchased a new position in 3D Systems during the fourth quarter valued at approximately $39,000. Boothbay Fund Management LLC bought a new position in shares of 3D Systems in the fourth quarter worth approximately $44,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of 3D Systems by 67.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock worth $46,000 after purchasing an additional 5,700 shares in the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Company 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.