3D Systems Corporation (NYSE:DDD) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.
A number of other analysts have also commented on DDD. Piper Jaffray Companies restated an “underweight” rating and set a $14.00 price target on shares of 3D Systems Corporation in a research note on Monday, July 3rd. Zacks Investment Research upgraded shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $18.00 price target (up previously from $15.00) on shares of 3D Systems Corporation in a research note on Monday, June 26th. FBR & Co restated a “hold” rating and set a $18.00 price target on shares of 3D Systems Corporation in a research note on Monday, May 15th. Finally, Jefferies Group LLC boosted their price target on shares of 3D Systems Corporation from $15.00 to $17.50 and gave the company a “hold” rating in a research note on Thursday, May 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. 3D Systems Corporation has a consensus rating of “Hold” and an average target price of $18.00.
Shares of 3D Systems Corporation (NYSE DDD) traded down 0.34% on Friday, reaching $17.77. 1,727,081 shares of the company traded hands. 3D Systems Corporation has a one year low of $11.98 and a one year high of $23.70. The company’s market capitalization is $2.02 billion. The firm has a 50-day moving average price of $21.38 and a 200 day moving average price of $17.03.
In related news, Director G Walter Loewenbaum II sold 25,000 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $22.15, for a total value of $553,750.00. Following the transaction, the director now directly owns 1,042,402 shares of the company’s stock, valued at approximately $23,089,204.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Kevin Mcalea sold 17,500 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $20.63, for a total transaction of $361,025.00. Following the completion of the transaction, the chief operating officer now directly owns 276,074 shares in the company, valued at $5,695,406.62. The disclosure for this sale can be found here. Insiders sold a total of 102,500 shares of company stock worth $2,221,425 over the last three months. 5.00% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of 3D Systems Corporation by 23,856.2% in the first quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock worth $169,471,000 after buying an additional 11,280,863 shares during the period. Vanguard Group Inc. increased its position in shares of 3D Systems Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 8,610,984 shares of the 3D printing company’s stock worth $128,820,000 after buying an additional 152,698 shares during the period. State Street Corp increased its position in shares of 3D Systems Corporation by 3.2% in the first quarter. State Street Corp now owns 3,329,492 shares of the 3D printing company’s stock worth $49,800,000 after buying an additional 103,745 shares during the period. Investment Management of Virginia LLC increased its position in shares of 3D Systems Corporation by 5.5% in the first quarter. Investment Management of Virginia LLC now owns 1,697,859 shares of the 3D printing company’s stock worth $25,400,000 after buying an additional 88,763 shares during the period. Finally, OppenheimerFunds Inc. bought a new position in shares of 3D Systems Corporation during the first quarter worth $20,539,000. 54.86% of the stock is currently owned by institutional investors.
About 3D Systems Corporation
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.
