3D Systems (NYSE:DDD) Trading Up 5.4% – Should You Buy?

3D Systems Co. (NYSE:DDD)’s share price rose 5.4% during trading on Monday . The company traded as high as $3.74 and last traded at $3.80. Approximately 683,122 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 2,619,637 shares. The stock had previously closed at $3.60.

Analyst Ratings Changes

Several research firms have issued reports on DDD. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Saturday. Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.25.

3D Systems Stock Up 23.8 %

The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company has a 50 day simple moving average of $3.37 and a two-hundred day simple moving average of $3.05.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. On average, sell-side analysts expect that 3D Systems Co. will post -0.73 EPS for the current fiscal year.

Insider Activity at 3D Systems

In other news, CEO Jeffrey A. Graves acquired 60,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $3.85 per share, with a total value of $231,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the transaction, the executive vice president now directly owns 331,955 shares in the company, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On 3D Systems

Several hedge funds have recently bought and sold shares of DDD. ARK Investment Management LLC boosted its stake in shares of 3D Systems by 13.8% during the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after purchasing an additional 535,287 shares during the period. New York State Common Retirement Fund boosted its position in 3D Systems by 496.9% in the 4th quarter. New York State Common Retirement Fund now owns 21,502 shares of the 3D printing company’s stock valued at $71,000 after buying an additional 17,900 shares during the period. Rhumbline Advisers grew its stake in 3D Systems by 2.2% in the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock worth $680,000 after acquiring an additional 4,451 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of 3D Systems by 230.6% during the fourth quarter. Vontobel Holding Ltd. now owns 52,900 shares of the 3D printing company’s stock worth $174,000 after acquiring an additional 36,900 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of 3D Systems by 104.5% during the fourth quarter. Pacer Advisors Inc. now owns 18,465 shares of the 3D printing company’s stock valued at $61,000 after acquiring an additional 9,434 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.