Insider Selling: 3D Systems VP Sells 5,000 Shares of Stock (DDD)
3D Systems (NYSE:DDD) VP Andrew Martin Johnson sold 5,000 shares of 3D Systems stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $51.16, for a total value of $255,800.00. Following the transaction, the vice president now directly owns 96,150 shares in the company, valued at approximately $4,919,034. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
3D Systems (NYSE:DDD) traded up 2.39% on Wednesday, hitting $52.67. The stock had a trading volume of 4,100,569 shares. 3D Systems has a 52 week low of $43.35 and a 52 week high of $97.28. The stock’s 50-day moving average is $52.12 and its 200-day moving average is $55.88. The company has a market cap of $5.789 billion and a price-to-earnings ratio of 149.10.
3D Systems (NYSE:DDD) last posted its quarterly earnings results 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. Analysts expect that 3D Systems will post $0.78 EPS for the current fiscal year.
DDD has been the subject of a number of recent research reports. 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 analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. 3D Systems presently has a consensus rating of “Hold” and an average target price 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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