Insider Selling: Charles W. Hull Sells 7,500 Shares of 3D Systems 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, August 18th. The stock was sold at an average price of $49.07, for a total value of $368,025.00. Following the completion of the sale, the executive vice president now directly owns 136,500 shares of the company’s stock, valued at approximately $6,698,055. 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 down 0.49% during mid-day trading on Tuesday, hitting $48.76. 1,496,355 shares of the company’s stock traded hands. 3D Systems has a one year low of $43.35 and a one year high of $97.28. The stock has a 50-day moving average of $53.80 and a 200-day moving average of $56.96. The company has a market cap of $5.360 billion and a P/E ratio of 142.03.
3D Systems (NYSE:DDD) last released its earnings data on Thursday, July 31st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $162.30 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. On average, analysts predict that 3D Systems will post $0.78 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on DDD shares. Analysts at Pacific Crest reiterated an “outperform” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $56.00 price target on the stock, down previously from $59.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $53.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of 3D Systems from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 1st. They now have a $54.00 price target on the stock, down previously from $64.00. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $67.10.
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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