Share on StockTwits

3D Systems (NYSE:DDD) was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $50.00 price target on the stock. Gabelli’s price target indicates a potential upside of 1.46% from the company’s current price. The analysts noted that the move was a valuation call.

3D Systems (NYSE:DDD) opened at 49.28 on Wednesday. 3D Systems has a 1-year low of $41.05 and a 1-year high of $97.28. The stock has a 50-day moving average of $49.95 and a 200-day moving average of $67.08. The company has a market cap of $5.101 billion and a price-to-earnings ratio of 115.95. 3D Systems also was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 33,323,579 shares, a growth of 10.8% from the April 30th total of 30,069,747 shares. Based on an average trading volume of 3,381,109 shares, the short-interest ratio is currently 9.9 days. Currently, 34.0% of the company’s stock are sold short.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.21 earnings per share. 3D Systems’s revenue was up 44.8% compared to the same quarter last year. On average, analysts predict that 3D Systems will post $0.81 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of 3D Systems from $78.00 to $64.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Brean Capital cut their price target on shares of 3D Systems from $84.00 to $75.00 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of 3D Systems from $40.00 to $37.00 in a research note on Thursday, May 29th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. 3D Systems currently has a consensus rating of “Hold” and a consensus target price of $71.00.

3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.

The Fly On The Wall

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.