3D Systems Co. (NYSE:DDD)‘s stock had its “hold” rating reiterated by Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a $15.00 price objective on the 3D printing company’s stock. Canaccord Genuity’s target price would suggest a potential downside of 33.54% from the stock’s current price.

DDD has been the topic of several other research reports. Piper Jaffray Companies raised their price objective on 3D Systems from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Wednesday. FBR & Co reaffirmed a “hold” rating and issued a $18.00 price objective on shares of 3D Systems in a research note on Monday, May 15th. Jefferies Group LLC raised their price objective on 3D Systems from $14.50 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, March 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Tuesday, February 28th. Finally, Zacks Investment Research downgraded 3D Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.77.

Analyst Recommendations for 3D Systems (NYSE:DDD)

Shares of 3D Systems (NYSE:DDD) opened at 22.57 on Friday. The company’s market capitalization is $2.57 billion. The company has a 50-day moving average price of $17.92 and a 200-day moving average price of $15.89. 3D Systems has a 52 week low of $11.59 and a 52 week high of $23.70.

3D Systems (NYSE:DDD) last announced its earnings results on Tuesday, February 28th. The 3D printing company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $165.90 million for the quarter, compared to analysts’ expectations of $176.76 million. 3D Systems had a positive return on equity of 4.14% and a negative net margin of 98.40%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. Analysts predict that 3D Systems will post $0.52 earnings per share for the current year.

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In related news, Director G Walter Loewenbaum II sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $22.29, for a total transaction of $557,250.00. Following the completion of the transaction, the director now owns 1,007,106 shares in the company, valued at approximately $22,448,392.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Martin Johnson sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $14.70, for a total value of $58,800.00. Following the transaction, the executive vice president now owns 251,666 shares of the company’s stock, valued at approximately $3,699,490.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,169,800. 5.40% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of DDD. Credit Agricole S A acquired a new position in 3D Systems during the fourth quarter worth about $125,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in 3D Systems during the fourth quarter worth about $150,000. Trent Capital Management Inc. NC acquired a new position in 3D Systems during the fourth quarter worth about $166,000. Parallel Advisors LLC acquired a new position in 3D Systems during the fourth quarter worth about $168,000. Finally, Concourse Capital Management LLC acquired a new position in 3D Systems during the first quarter worth about $177,000. Institutional investors own 50.68% of the company’s stock.

About 3D Systems

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

12 Month Chart for NYSE:DDD

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