Cantor Fitzgerald Lowers Earnings Estimates for 3D Systems

3D Systems Co. (NYSE:DDD) – Equities researchers at Cantor Fitzgerald dropped their FY2025 earnings estimates for shares of 3D Systems in a note issued to investors on Wednesday, May 14th. Cantor Fitzgerald analyst T. Jensen now anticipates that the 3D printing company will post earnings of ($0.76) per share for the year, down from their prior estimate of ($0.53). Cantor Fitzgerald currently has a “Overweight” rating and a $5.00 price target on the stock. The consensus estimate for 3D Systems’ current full-year earnings is ($0.73) per share.

DDD has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, May 10th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Performance

NYSE DDD opened at $1.74 on Friday. The company’s 50 day moving average is $2.13 and its 200-day moving average is $3.02. The firm has a market cap of $236.68 million, a P/E ratio of -0.44 and a beta of 1.94. 3D Systems has a 12-month low of $1.65 and a 12-month high of $5.00. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Institutional Trading of 3D Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Penn Capital Management Company LLC bought a new position in shares of 3D Systems in the 4th quarter worth $5,214,000. Icon Advisers Inc. Co. bought a new stake in 3D Systems during the fourth quarter worth about $5,248,000. Barclays PLC boosted its holdings in shares of 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after purchasing an additional 149,793 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 3D Systems by 446.6% during the 4th quarter. JPMorgan Chase & Co. now owns 308,015 shares of the 3D printing company’s stock valued at $1,010,000 after purchasing an additional 251,661 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 3D Systems by 17.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock valued at $3,913,000 after buying an additional 178,102 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

About 3D Systems

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.