Equities researchers at Susquehanna Bancshares Inc started coverage on shares of 3D Systems Corporation (NYSE:DDD) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set a “neutral” rating and a $16.00 price target on the 3D printing company’s stock. Susquehanna Bancshares Inc’s price target indicates a potential downside of 13.75% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of 3D Systems Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Piper Jaffray Companies reiterated an “underweight” rating and issued a $14.00 target price on shares of 3D Systems Corporation in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $18.00 target price (up previously from $15.00) on shares of 3D Systems Corporation in a research note on Monday, June 26th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $15.00 target price on shares of 3D Systems Corporation in a research note on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. 3D Systems Corporation has a consensus rating of “Hold” and a consensus target price of $17.80.

Shares of 3D Systems Corporation (NYSE:DDD) traded up 3.00% on Thursday, hitting $18.55. 3,861,649 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $21.38 and its 200 day moving average is $17.03. The firm’s market cap is $2.11 billion. 3D Systems Corporation has a 12 month low of $11.98 and a 12 month high of $23.70.

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In other 3D Systems Corporation news, EVP Andrew Martin Johnson sold 10,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $21.19, for a total transaction of $211,900.00. Following the transaction, the executive vice president now directly owns 241,666 shares of the company’s stock, valued at approximately $5,120,902.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Kevin Mcalea sold 17,500 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $20.63, for a total transaction of $361,025.00. Following 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. Over the last three months, insiders have sold 102,500 shares of company stock worth $2,221,425. Insiders own 5.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DDD. Stifel Financial Corp increased its position in shares of 3D Systems Corporation by 0.6% in the first quarter. Stifel Financial Corp now owns 19,099 shares of the 3D printing company’s stock worth $279,000 after buying an additional 105 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of 3D Systems Corporation by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 18,527 shares of the 3D printing company’s stock worth $277,000 after buying an additional 131 shares during the last quarter. Cutter & CO Brokerage Inc. increased its position in shares of 3D Systems Corporation by 1.3% in the first quarter. Cutter & CO Brokerage Inc. now owns 15,740 shares of the 3D printing company’s stock worth $235,000 after buying an additional 200 shares during the last quarter. Private Advisor Group LLC increased its position in shares of 3D Systems Corporation by 1.9% in the first quarter. Private Advisor Group LLC now owns 17,786 shares of the 3D printing company’s stock worth $255,000 after buying an additional 324 shares during the last quarter. Finally, Private Asset Management Inc. increased its position in shares of 3D Systems Corporation by 2.8% in the first quarter. Private Asset Management Inc. now owns 14,800 shares of the 3D printing company’s stock worth $221,000 after buying an additional 400 shares during the last quarter. 54.86% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Corporation Company Profile

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.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

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