A number of other analysts have also recently commented on DDD. Piper Jaffray Companies raised 3D Systems from a neutral rating to an overweight rating and set a $17.00 price target for the company in a research report on Tuesday, January 29th. JPMorgan Chase & Co. lowered their price target on 3D Systems to $8.00 and set an average rating for the company in a research report on Friday, March 1st. TheStreet raised 3D Systems from a d rating to a c- rating in a research report on Thursday, March 21st. Craig Hallum started coverage on 3D Systems in a research report on Monday, April 22nd. They set a hold rating and a $12.00 price target for the company. Finally, Bank of America lowered their price target on 3D Systems from $10.00 to $9.00 and set an underperform rating for the company in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. 3D Systems has an average rating of Hold and an average price target of $12.83.
Shares of DDD opened at $8.77 on Tuesday. 3D Systems has a one year low of $7.95 and a one year high of $21.78. The company has a quick ratio of 1.78, a current ratio of 2.56 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -23.70 and a beta of 1.90.
3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, May 7th. The 3D printing company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.13). 3D Systems had a negative return on equity of 6.26% and a negative net margin of 7.26%. The firm had revenue of $152.00 million for the quarter, compared to analyst estimates of $164.69 million. During the same period in the prior year, the firm posted ($0.03) EPS. The business’s revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts expect that 3D Systems will post -0.35 earnings per share for the current year.
In related news, insider Vyomesh Joshi acquired 29,920 shares of 3D Systems stock in a transaction on Monday, May 13th. The stock was acquired at an average price of $8.22 per share, for a total transaction of $245,942.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDD. Bank of New York Mellon Corp raised its stake in shares of 3D Systems by 5.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,382,491 shares of the 3D printing company’s stock valued at $26,129,000 after buying an additional 69,112 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 3D Systems by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,080,845 shares of the 3D printing company’s stock valued at $209,428,000 after purchasing an additional 266,928 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of 3D Systems by 1.1% in the 3rd quarter. Teachers Advisors LLC now owns 209,336 shares of the 3D printing company’s stock valued at $3,956,000 after purchasing an additional 2,209 shares in the last quarter. Cowen Prime Services LLC increased its stake in shares of 3D Systems by 10.7% in the 4th quarter. Cowen Prime Services LLC now owns 125,466 shares of the 3D printing company’s stock valued at $1,276,000 after purchasing an additional 12,100 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of 3D Systems in the 4th quarter valued at about $84,000. Institutional investors and hedge funds own 68.55% of the company’s stock.
About 3D Systems
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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