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

Shares of 3D Systems Corporation (NYSE:DDD) have earned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.00.

Several equities analysts have recently commented on DDD shares. Weiss Ratings restated a “sell (d)” rating on shares of 3D Systems in a research report on Friday, March 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of 3D Systems in a report on Tuesday, March 10th. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Leerink Partners reaffirmed an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th.

3D Systems Stock Performance

NYSE:DDD opened at $1.86 on Friday. The company has a current ratio of 2.87, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $270.94 million, a P/E ratio of -185,500.00 and a beta of 2.40. The firm has a 50-day moving average price of $2.12 and a two-hundred day moving average price of $2.34. 3D Systems has a twelve month low of $1.32 and a twelve month high of $3.80.

3D Systems (NYSE:DDD) last issued 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 negative return on equity of 34.60% and a net margin of 7.72%.The business had revenue of $106.30 million for the quarter, compared to analysts’ expectations of $97.99 million. As a group, research analysts expect that 3D Systems will post -0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of 3D Systems by 7.7% during the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company’s stock worth $3,242,000 after buying an additional 109,467 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of 3D Systems during the 1st quarter worth approximately $205,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of 3D Systems during the first quarter valued at approximately $143,000. NewEdge Advisors LLC raised its stake in shares of 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in 3D Systems in the first quarter worth $205,000. 64.49% of the stock is owned by 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.