3D Systems Corporation (NYSE:DDD) Given Consensus Recommendation of “Hold” by Brokerages

Shares of 3D Systems Corporation (NYSE:DDD) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.00.

Several brokerages recently issued reports on DDD. Leerink Partners restated an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price target on shares of 3D Systems in a research note on Tuesday, March 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of 3D Systems in a research note on Friday, March 27th.

3D Systems Price Performance

Shares of NYSE:DDD opened at $1.90 on Friday. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $3.80. The business has a 50-day moving average of $2.10 and a two-hundred day moving average of $2.33. The stock has a market capitalization of $276.78 million, a P/E ratio of -189,500.00 and a beta of 2.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 1.82.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Monday, March 9th. The 3D printing company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). 3D Systems had a negative return on equity of 34.60% and a net margin of 7.72%.The company had revenue of $106.30 million during the quarter, compared to analyst estimates of $97.99 million. On average, equities research analysts predict that 3D Systems will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On 3D Systems

Large investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. bought a new stake in shares of 3D Systems in the 4th quarter valued at approximately $27,000. Prudential Financial Inc. grew its stake in shares of 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 7,887 shares during the period. NewEdge Advisors LLC grew its stake in shares of 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares during the period. CIBC Asset Management Inc bought a new stake in shares of 3D Systems in the 4th quarter valued at approximately $36,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of 3D Systems in the 3rd quarter worth approximately $41,000. 64.49% of the stock is currently owned by institutional investors.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.