Wall Street Zen Upgrades 3D Systems (NYSE:DDD) to Hold

3D Systems (NYSE:DDD) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other research firms have also commented on DDD. Cantor Fitzgerald reduced their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, May 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.67.

3D Systems Stock Up 0.9%

NYSE DDD opened at $1.63 on Wednesday. 3D Systems has a 52 week low of $1.60 and a 52 week high of $5.00. 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 business’s fifty day simple moving average is $2.05 and its 200-day simple moving average is $2.97. The firm has a market cap of $221.67 million, a PE ratio of -0.41 and a beta of 1.94.

Institutional Trading of 3D Systems

Several institutional investors and hedge funds have recently bought and sold shares of DDD. Nuveen LLC purchased a new stake in 3D Systems in the 1st quarter valued at about $3,528,000. Icon Advisers Inc. Co. acquired a new position in 3D Systems in the 4th quarter valued at about $5,248,000. Penn Capital Management Company LLC acquired a new position in 3D Systems in the 4th quarter valued at about $5,214,000. Two Sigma Advisers LP grew its position in 3D Systems by 553.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock valued at $4,712,000 after acquiring an additional 1,216,900 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in 3D Systems by 172.2% in the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock valued at $4,894,000 after acquiring an additional 944,010 shares in the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

About 3D Systems

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.