3D Systems (NYSE:DDD) Raised to “Hold” at Wall Street Zen

3D Systems (NYSE:DDD) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also issued reports on the company. Leerink Partners reiterated an “outperform” rating on shares of 3D Systems in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a report 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. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.00.

3D Systems Stock Performance

Shares of DDD stock opened at $2.44 on Friday. The firm’s 50 day moving average is $2.27 and its 200 day moving average is $2.36. The stock has a market capitalization of $356.41 million, a P/E ratio of -244,000.00 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 has a current ratio of 2.87, a quick ratio of 1.73 and a debt-to-equity ratio of 0.36.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Monday, March 9th. The 3D printing company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). 3D Systems had a net margin of 7.72% and a negative return on equity of 34.60%. The business had revenue of $106.30 million during the quarter, compared to analysts’ expectations of $97.99 million. On average, sell-side analysts anticipate that 3D Systems will post -0.73 earnings per share for the current year.

Hedge Funds Weigh In On 3D Systems

Large investors have recently modified their holdings of the company. State Street Corp grew its position in 3D Systems by 15.9% during the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock valued at $20,107,000 after acquiring an additional 1,556,321 shares during the last quarter. Capital World Investors bought a new stake in shares of 3D Systems in the 3rd quarter worth approximately $15,104,000. Geode Capital Management LLC lifted its holdings in shares of 3D Systems by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock worth $4,876,000 after acquiring an additional 105,500 shares during the last quarter. Nuveen LLC boosted its stake in shares of 3D Systems by 406.4% in the 4th quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock valued at $4,787,000 after purchasing an additional 2,170,415 shares in the last quarter. Finally, Icon Advisers Inc. Co. grew its holdings in shares of 3D Systems by 23.8% during the 3rd quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock valued at $7,540,000 after purchasing an additional 500,000 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Company Profile

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.