Insider Selling: Charles W. Hull Unloads 7,500 Shares of 3D Systems Stock (DDD)
3D Systems (NYSE:DDD) EVP Charles W. Hull sold 7,500 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $48.78, for a total value of $365,850.00. Following the transaction, the executive vice president now directly owns 136,500 shares in the company, valued at approximately $6,658,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of 3D Systems in a research note on Tuesday. They now have a $52.00 price target on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of 3D Systems in a research note on Thursday, May 15th. They now have a $65.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of 3D Systems from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. 3D Systems currently has an average rating of “Buy” and an average target price of $73.21.
3D Systems (NYSE:DDD) traded up 0.12% during mid-day trading on Tuesday, hitting $49.32. The stock had a trading volume of 3,687,769 shares. 3D Systems has a 52-week low of $41.05 and a 52-week high of $97.28. The stock has a 50-day moving average of $50.40 and a 200-day moving average of $69.53. The company has a market cap of $5.105 billion and a P/E ratio of 115.91.
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. On average, analysts predict that 3D Systems will post $0.82 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.