Insider Selling: 3D Systems CEO Sells 52,300 Shares of Stock (DDD)
3D Systems (NYSE:DDD) CEO Abraham N. Reichental sold 52,300 shares of the stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $53.20, for a total transaction of $2,782,360.00. Following the sale, the chief executive officer now directly owns 1,492,812 shares in the company, valued at approximately $79,417,598. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on DDD shares. Analysts at Stifel Nicolaus initiated coverage on shares of 3D Systems in a research note on Friday. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $56.00 price target on the stock, down previously from $59.00. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $66.99.
Shares of 3D Systems (NYSE:DDD) traded up 0.60% on Friday, hitting $53.51. 3,693,121 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’s 50-day moving average is $52. and its 200-day moving average is $55.87. The company has a market cap of $5.882 billion and a price-to-earnings ratio of 154.17.
3D Systems (NYSE:DDD) last announced its earnings results on Thursday, July 31st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter 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.
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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