3D Systems (DDD) Shares Gap Up on Insider Buying Activity

3D Systems Co. (NYSE:DDD) shares gapped up before the market opened on Wednesday following insider buying activity. The stock had previously closed at $10.21, but opened at $9.61. 3D Systems shares last traded at $9.36, with a volume of 1500120 shares trading hands.

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

DDD has been the topic of a number of analyst reports. Loop Capital restated a “hold” rating and set a $10.00 target price on shares of 3D Systems in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $11.00 target price (down previously from $15.00) on shares of 3D Systems in a research report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of 3D Systems in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of 3D Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Jefferies Group restated a “hold” rating and set a $17.00 target price on shares of 3D Systems in a research report on Tuesday, October 3rd. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.97.

The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01.

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

A number of institutional investors have recently modified their holdings of DDD. Strs Ohio acquired a new stake in 3D Systems in the second quarter valued at approximately $115,000. PNC Financial Services Group Inc. boosted its position in 3D Systems by 19.4% in the second quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after buying an additional 1,552 shares in the last quarter. Riverhead Capital Management LLC boosted its position in 3D Systems by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock valued at $186,000 after buying an additional 4,326 shares in the last quarter. Flinton Capital Management LLC boosted its position in 3D Systems by 76.8% in the second quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after buying an additional 4,386 shares in the last quarter. Finally, Trent Capital Management Inc. NC acquired a new stake in 3D Systems in the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 60.55% of the company’s stock.

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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.

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