Shares of 3D Systems Co. (NYSE:DDD) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $11.93.

A number of research firms have recently weighed in on DDD. Zacks Investment Research lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 price objective (down previously from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. ValuEngine lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Canaccord Genuity reiterated a “neutral” rating on shares of 3D Systems in a research note on Wednesday, November 1st. Finally, B. Riley lowered shares of 3D Systems from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $18.00 to $7.00 in a research note on Wednesday, November 1st.

3D Systems (DDD) opened at $11.19 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. 3D Systems has a 52 week low of $7.92 and a 52 week high of $23.70. The stock has a market cap of $1,270.00, a P/E ratio of -24.33 and a beta of 1.47.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The company had revenue of $152.90 million for the quarter, compared to analyst estimates of $162.22 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. equities research analysts expect that 3D Systems will post -0.3 earnings per share for the current fiscal year.

In related news, Director G Walter Loewenbaum II acquired 40,500 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of $8.94 per share, with a total value of $362,070.00. Following the completion of the acquisition, the director now directly owns 1,053,707 shares in the company, valued at approximately $9,420,140.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have acquired 47,930 shares of company stock worth $428,048. Insiders own 5.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System lifted its holdings in 3D Systems by 62.8% during the third quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock valued at $27,934,000 after purchasing an additional 805,000 shares in the last quarter. Think Investments LP purchased a new position in 3D Systems during the third quarter valued at $10,511,000. Vident Investment Advisory LLC lifted its holdings in 3D Systems by 155.0% during the third quarter. Vident Investment Advisory LLC now owns 959,422 shares of the 3D printing company’s stock valued at $12,847,000 after purchasing an additional 583,193 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in 3D Systems by 39.2% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 624,596 shares of the 3D printing company’s stock valued at $8,363,000 after purchasing an additional 175,850 shares in the last quarter. Finally, KBC Group NV lifted its holdings in 3D Systems by 40.8% during the third quarter. KBC Group NV now owns 102,626 shares of the 3D printing company’s stock valued at $1,374,000 after purchasing an additional 29,727 shares in the last quarter. 60.35% of the stock is currently owned by institutional investors and hedge funds.

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3D Systems 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 (NYSE:DDD)

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