3D Systems (NYSE:DDD) Upgraded at StockNews.com

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a research report report published on Thursday morning.

A number of other brokerages have also weighed in on DDD. Cantor Fitzgerald dropped their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research report on Thursday, April 24th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, 3D Systems has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Performance

Shares of NYSE:DDD opened at $2.36 on Thursday. The firm has a 50 day moving average of $2.23 and a 200 day moving average of $3.05. 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 market capitalization of $319.89 million, a price-to-earnings ratio of -0.59 and a beta of 1.94. 3D Systems has a 52 week low of $1.71 and a 52 week high of $5.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DDD. Penn Capital Management Company LLC acquired a new position in 3D Systems in the fourth quarter valued at about $5,214,000. Icon Advisers Inc. Co. purchased a new stake in shares of 3D Systems in the 4th quarter valued at approximately $5,248,000. Barclays PLC lifted its holdings in shares of 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after acquiring an additional 149,793 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 3D Systems by 17.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock worth $3,913,000 after purchasing an additional 178,102 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in 3D Systems by 446.6% in the 4th quarter. JPMorgan Chase & Co. now owns 308,015 shares of the 3D printing company’s stock valued at $1,010,000 after purchasing an additional 251,661 shares during the last quarter. Institutional investors and hedge funds 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.