3D Systems EVP Sells $378,075 in Stock (DDD)
3D Systems (NYSE:DDD) EVP Charles W. Hull sold 7,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $50.41, for a total value of $378,075.00. Following the completion of the sale, the executive vice president now directly owns 136,500 shares of the company’s stock, valued at approximately $6,880,965. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of 3D Systems (NYSE:DDD) traded up 3.11% on Tuesday, hitting $53.09. 5,915,385 shares of the company’s stock traded hands. 3D Systems has a 52 week low of $41.05 and a 52 week high of $97.28. The stock’s 50-day moving average is $49.84 and its 200-day moving average is $66.44. The company has a market cap of $5.495 billion and a price-to-earnings ratio of 121.15. 3D Systems also was the target of unusually large options trading on Tuesday. Traders bought 32,086 call options on the stock. This represents an increase of 121% compared to the typical volume of 14,498 call options.
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. Analysts expect that 3D Systems will post $0.81 EPS for the current fiscal year.
A number of research firms have recently commented on DDD. Analysts at Deutsche Bank reiterated a “buy” rating on shares of 3D Systems in a research note on Wednesday, June 11th. They now have a $80.00 price target on the stock, down previously from $115.00. Separately, analysts at Citigroup Inc. downgraded shares of 3D Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 11th. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Gabelli downgraded shares of 3D Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 11th. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. 3D Systems presently has an average rating of “Hold” and a consensus price target of $69.16.
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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