3D Systems Corporation’s (DDD) Hold Rating Reaffirmed at Jefferies Group LLC
3D Systems Corporation (NYSE:DDD)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a report released on Tuesday. They presently have a $17.00 price target on the 3D printing company’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 19.72% from the stock’s current price.
DDD has been the topic of several other reports. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $18.00 price objective (up from $15.00) on shares of 3D Systems Corporation in a report on Monday, June 26th. BidaskClub lowered shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. 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 restated an “underweight” rating and set a $14.00 target price on shares of 3D Systems Corporation in a research note on Monday, July 3rd. Finally, Susquehanna Bancshares Inc initiated coverage on shares of 3D Systems Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $16.00 target price for the company. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.29.
3D Systems Corporation (DDD) traded up 0.71% during mid-day trading on Tuesday, reaching $14.20. 2,310,331 shares of the company’s stock traded hands. The firm has a 50 day moving average of $13.03 and a 200 day moving average of $16.59. 3D Systems Corporation has a 1-year low of $12.02 and a 1-year high of $23.70. The firm’s market cap is $1.62 billion.
3D Systems Corporation (NYSE:DDD) last issued its earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The business had revenue of $159.47 million for the quarter, compared to the consensus estimate 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 was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Analysts forecast that 3D Systems Corporation will post $0.44 EPS for the current year.
In related news, insider Vyomesh Joshi bought 15,400 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the transaction, the insider now owns 165,400 shares in the company, valued at approximately $2,143,584. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. River & Mercantile Asset Management LLP raised its stake in 3D Systems Corporation by 113.5% in the second quarter. River & Mercantile Asset Management LLP now owns 120,121 shares of the 3D printing company’s stock valued at $2,246,000 after purchasing an additional 63,851 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in 3D Systems Corporation by 9.2% during the first quarter. Thrivent Financial For Lutherans now owns 19,950 shares of the 3D printing company’s stock worth $298,000 after purchasing an additional 1,680 shares during the period. TIAA CREF Investment Management LLC lifted its position in 3D Systems Corporation by 10.2% during the first quarter. TIAA CREF Investment Management LLC now owns 406,892 shares of the 3D printing company’s stock worth $6,087,000 after purchasing an additional 37,604 shares during the period. Concourse Capital Management LLC lifted its position in 3D Systems Corporation by 436.3% during the second quarter. Concourse Capital Management LLC now owns 63,337 shares of the 3D printing company’s stock worth $1,184,000 after purchasing an additional 51,527 shares during the period. Finally, Prudential Financial Inc. lifted its position in 3D Systems Corporation by 7.6% during the first quarter. Prudential Financial Inc. now owns 71,322 shares of the 3D printing company’s stock worth $1,067,000 after purchasing an additional 5,020 shares during the period. Institutional investors own 56.73% 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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