3D Systems Corp. (DDD) Lowered to “Buy” at Vetr Inc.
3D Systems Corp. (NYSE:DDD) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They presently have a $19.89 target price on the 3D printing company’s stock. Vetr‘s target price would suggest a potential upside of 13.46% from the stock’s current price.
A number of other brokerages have also issued reports on DDD. Zacks Investment Research raised shares of 3D Systems Corp. from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Wednesday, September 28th. Pacific Crest reissued a “hold” rating on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Jefferies Group reissued a “hold” rating and set a $15.00 target price on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Canaccord Genuity reissued a “hold” rating and set a $14.00 target price on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Finally, Bank of America Corp. set a $25.00 target price on shares of 3D Systems Corp. and gave the company a “buy” rating in a research note on Tuesday, September 13th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. 3D Systems Corp. presently has an average rating of “Hold” and an average price target of $15.23.
Shares of 3D Systems Corp. (NYSE:DDD) traded down 3.58% during mid-day trading on Monday, hitting $17.53. The stock had a trading volume of 2,227,180 shares. The stock’s market cap is $1.97 billion. The stock has a 50-day moving average price of $16.28 and a 200 day moving average price of $14.86. 3D Systems Corp. has a 52 week low of $6.00 and a 52 week high of $19.76.
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3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings data on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a negative net margin of 100.84% and a positive return on equity of 1.55%. The firm had revenue of $158.10 million for the quarter, compared to analysts’ expectations of $161.01 million. During the same period in the previous year, the company posted $0.03 EPS. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, equities analysts forecast that 3D Systems Corp. will post $0.39 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of DDD. Villere ST Denis J & Co. LLC boosted its stake in 3D Systems Corp. by 54.0% in the second quarter. Villere ST Denis J & Co. LLC now owns 5,589,086 shares of the 3D printing company’s stock worth $76,514,000 after buying an additional 1,959,863 shares during the last quarter. BlackRock Fund Advisors boosted its stake in 3D Systems Corp. by 43.6% in the second quarter. BlackRock Fund Advisors now owns 5,705,547 shares of the 3D printing company’s stock worth $78,109,000 after buying an additional 1,733,230 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in 3D Systems Corp. during the first quarter worth $13,660,000. State Street Corp boosted its stake in 3D Systems Corp. by 22.5% in the second quarter. State Street Corp now owns 3,400,659 shares of the 3D printing company’s stock worth $46,554,000 after buying an additional 625,061 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in 3D Systems Corp. during the second quarter worth $5,498,000. 50.16% of the stock is currently owned by institutional investors and hedge funds.
3D Systems Corp. Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.
To view Vetr’s full report, visit Vetr’s official website.
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