3D Systems Corporation (DDD) Given Consensus Rating of “Hold” by Analysts
3D Systems Corporation (NYSE:DDD) has been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.00.
A number of equities analysts have recently weighed in on DDD shares. FBR & Co reissued a “hold” rating and issued a $18.00 price target on shares of 3D Systems Corporation in a report on Friday, May 5th. Jefferies Group LLC boosted their price target on 3D Systems Corporation from $15.00 to $17.50 and gave the stock a “hold” rating in a report on Thursday, May 4th. Zacks Investment Research cut 3D Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Canaccord Genuity reissued a “hold” rating and issued a $15.00 price target on shares of 3D Systems Corporation in a report on Friday, May 26th. Finally, BidaskClub cut 3D Systems Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th.
3D Systems Corporation (NYSE:DDD) opened at 12.60 on Friday. 3D Systems Corporation has a one year low of $12.28 and a one year high of $23.70. The firm has a 50-day moving average of $16.28 and a 200-day moving average of $17.22. The company’s market capitalization is $1.43 billion.
3D Systems Corporation (NYSE:DDD) last issued its quarterly earnings data on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.04. The firm had revenue of $159.47 million for the quarter, compared to analyst estimates of $163.01 million. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, analysts anticipate that 3D Systems Corporation will post $0.44 earnings per share for the current year.
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In related news, EVP Andrew Martin Johnson sold 10,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $21.19, for a total value of $211,900.00. Following the completion of the transaction, the executive vice president now owns 241,666 shares of the company’s stock, valued at $5,120,902.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Walter Loewenbaum II sold 25,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $22.29, for a total value of $557,250.00. Following the completion of the transaction, the director now directly owns 1,007,106 shares of the company’s stock, valued at approximately $22,448,392.74. The disclosure for this sale can be found here. Insiders sold 77,500 shares of company stock valued at $1,667,675 in the last three months. 5.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in DDD. Norges Bank purchased a new stake in shares of 3D Systems Corporation during the fourth quarter valued at about $3,416,000. Teachers Advisors LLC boosted its stake in shares of 3D Systems Corporation by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 179,935 shares of the 3D printing company’s stock valued at $2,391,000 after buying an additional 3,682 shares during the last quarter. Creative Planning boosted its stake in shares of 3D Systems Corporation by 36.2% in the first quarter. Creative Planning now owns 43,928 shares of the 3D printing company’s stock valued at $657,000 after buying an additional 11,670 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of 3D Systems Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 27,100 shares of the 3D printing company’s stock valued at $405,000 after buying an additional 700 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of 3D Systems Corporation by 240.1% in the first quarter. Retirement Systems of Alabama now owns 468,790 shares of the 3D printing company’s stock valued at $7,013,000 after buying an additional 330,950 shares during the last quarter. Hedge funds and other institutional investors own 55.36% of the company’s stock.
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.
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