3D Systems Corporation (NYSE:DDD) Receives $5.00 Consensus Target Price from Analysts

Shares of 3D Systems Corporation (NYSE:DDD) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.00.

A number of brokerages recently commented on DDD. Leerink Partners reiterated an “outperform” rating on shares of 3D Systems in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a research note on Monday, December 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price target on shares of 3D Systems in a research report on Tuesday.

3D Systems Price Performance

NYSE:DDD opened at $2.39 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The firm has a market cap of $349.11 million, a PE ratio of -239,000.00 and a beta of 2.39. 3D Systems has a 12 month low of $1.32 and a 12 month high of $3.80. The company’s 50-day moving average price is $2.26 and its two-hundred day moving average price is $2.36.

3D Systems (NYSE:DDD) last announced its earnings results on Monday, March 9th. The 3D printing company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The business had revenue of $106.30 million for the quarter, compared to the consensus estimate of $97.99 million. 3D Systems had a negative return on equity of 34.60% and a net margin of 7.72%. On average, equities analysts anticipate that 3D Systems will post -0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG raised its holdings in 3D Systems by 5.4% in the 4th quarter. Deutsche Bank AG now owns 98,565 shares of the 3D printing company’s stock valued at $174,000 after acquiring an additional 5,093 shares during the period. ProShare Advisors LLC boosted its holdings in shares of 3D Systems by 11.8% during the fourth quarter. ProShare Advisors LLC now owns 56,675 shares of the 3D printing company’s stock worth $100,000 after acquiring an additional 5,970 shares during the period. Ledgewood Wealth Advisors LLC boosted its holdings in shares of 3D Systems by 2.8% during the third quarter. Ledgewood Wealth Advisors LLC now owns 240,300 shares of the 3D printing company’s stock worth $697,000 after acquiring an additional 6,500 shares during the period. Intech Investment Management LLC grew its position in shares of 3D Systems by 15.9% in the fourth quarter. Intech Investment Management LLC now owns 52,435 shares of the 3D printing company’s stock valued at $93,000 after purchasing an additional 7,204 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of 3D Systems by 74.8% during the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 7,887 shares during the period. 64.49% of the stock is currently owned by institutional investors and hedge funds.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.