Short Interest in 3D Systems Grows By 8.8% (DDD)
3D Systems (NYSE:DDD) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 29,452,163 shares, an increase of 8.8% from the March 31st total of 27,070,868 shares, Analyst Ratings.Net reports. Based on an average daily volume of 5,160,119 shares, the days-to-cover ratio is presently 5.7 days. Approximately 30.2% of the shares of the stock are short sold.
A number of research firms have recently commented on DDD. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of 3D Systems in a research note on Wednesday, April 30th. They now have a $60.00 price target on the stock. Separately, analysts at Zacks upgraded shares of 3D Systems from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $45.80 price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of 3D Systems in a research note on Wednesday, April 30th. They now have a $47.00 price target on the stock, down previously from $62.00. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. 3D Systems has an average rating of “Buy” and a consensus target price of $71.79.
Shares of 3D Systems (NYSE:DDD) opened at 49.11 on Thursday. 3D Systems has a 1-year low of $40.62 and a 1-year high of $97.28. The stock has a 50-day moving average of $52.76 and a 200-day moving average of $70.04. The company has a market cap of $5.083 billion and a P/E ratio of 118.82.
3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.15. The company had revenue of $147.76 million for the quarter, compared to the consensus estimate of $145.50 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 44.8% on a year-over-year basis. Analysts expect that 3D Systems will post $0.82 EPS for the current fiscal year.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
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