3D Systems (NYSE:DDD) Price Target Raised to $4.75

3D Systems (NYSE:DDD) had its target price increased by Cantor Fitzgerald from $4.00 to $4.75 in a report released on Thursday morning, MarketBeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the 3D printing company’s stock.

DDD has been the subject of several other reports. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Wednesday, October 8th. Finally, Zacks Research lowered 3D Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.75.

3D Systems Price Performance

Shares of NYSE:DDD opened at $2.23 on Thursday. 3D Systems has a twelve month low of $1.32 and a twelve month high of $5.00. The stock’s 50 day moving average is $2.75 and its 200-day moving average is $2.14. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $286.44 million, a price-to-earnings ratio of -1.70 and a beta of 2.18.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, November 4th. The 3D printing company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. 3D Systems had a negative net margin of 35.05% and a negative return on equity of 43.90%. The business had revenue of $91.25 million during the quarter, compared to analyst estimates of $93.04 million. 3D Systems has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that 3D Systems will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On 3D Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock worth $26,000 after buying an additional 10,814 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 7,887 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 12,900 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in 3D Systems during the first quarter worth $29,000. Finally, State of Wyoming bought a new stake in 3D Systems during the first quarter worth $34,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.