3D Systems Corporation (NYSE:DDD) was downgraded by research analysts at B. Riley FBR, Inc. from a “neutral” rating to a “sell” rating in a report released on Wednesday. They currently have a $7.00 price objective on the 3D printing company’s stock, down from their prior price objective of $18.00. B. Riley FBR, Inc.’s price target would indicate a potential downside of 43.46% from the stock’s current price.

DDD has been the topic of a number of other research reports. KeyCorp reaffirmed a “hold” rating on shares of 3D Systems Corporation in a research note on Friday, October 6th. Loop Capital reissued a “hold” rating and set a $15.00 price target on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BidaskClub cut shares of 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $15.00 price target (down from $16.00) on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems Corporation has an average rating of “Hold” and a consensus target price of $14.13.

3D Systems Corporation (NYSE DDD) traded down 21.931% during trading on Wednesday, reaching $9.665. The company’s stock had a trading volume of 10,002,622 shares. The firm’s 50-day moving average is $12.85 and its 200-day moving average is $16.26. 3D Systems Corporation has a 52-week low of $8.70 and a 52-week high of $23.70. The stock’s market cap is $1.10 billion.

3D Systems Corporation (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The business had revenue of $152.90 million for the quarter, compared to the consensus estimate of $162.22 million. During the same period in the prior year, the business posted $0.14 EPS. 3D Systems Corporation’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts forecast that 3D Systems Corporation will post $0.44 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “3D Systems Corporation (DDD) Downgraded by B. Riley FBR, Inc. to Sell” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/11/01/3d-systems-corporation-ddd-downgraded-by-b-riley-fbr-inc-to-sell.html.

In related news, insider Vyomesh Joshi purchased 15,400 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the completion of the acquisition, the insider now owns 165,400 shares in the company, valued at approximately $2,143,584. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of DDD. Strs Ohio bought a new position in 3D Systems Corporation during the 2nd quarter worth about $115,000. LS Investment Advisors LLC grew its holdings in 3D Systems Corporation by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock worth $163,000 after acquiring an additional 1,452 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in 3D Systems Corporation by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after acquiring an additional 1,552 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in 3D Systems Corporation by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after acquiring an additional 4,326 shares in the last quarter. Finally, Flinton Capital Management LLC grew its holdings in 3D Systems Corporation by 76.8% during the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after acquiring an additional 4,386 shares in the last quarter. Institutional investors own 56.65% of the company’s stock.

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)

Receive News & Ratings for 3D Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems Corporation and related companies with MarketBeat.com's FREE daily email newsletter.