3D Systems (NYSE:DDD) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of 3D Systems (NYSE:DDD) in a report released on Wednesday morning,Benzinga reports.

Several other research firms have also issued reports on DDD. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, 3D Systems has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Trading Up 3.0 %

Shares of 3D Systems stock opened at $3.12 on Wednesday. The company has a market capitalization of $423.13 million, a P/E ratio of -0.78 and a beta of 1.61. The stock has a fifty day simple moving average of $3.28 and a 200 day simple moving average of $3.05. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.75. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Insider Buying and Selling

In related news, CEO Jeffrey A. Graves purchased 60,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of $3.85 per share, for a total transaction of $231,000.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the executive vice president now owns 331,955 shares in the company, valued at approximately $1,281,346.30. The trade was 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.

Institutional Trading of 3D Systems

A number of large investors have recently bought and sold shares of DDD. Texas Permanent School Fund Corp grew its stake in shares of 3D Systems by 28.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 149,029 shares of the 3D printing company’s stock worth $458,000 after acquiring an additional 33,318 shares during the period. American Century Companies Inc. lifted its holdings in 3D Systems by 25.0% during the second quarter. American Century Companies Inc. now owns 158,855 shares of the 3D printing company’s stock valued at $488,000 after purchasing an additional 31,732 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of 3D Systems by 21.8% in the second quarter. Federated Hermes Inc. now owns 55,180 shares of the 3D printing company’s stock worth $169,000 after purchasing an additional 9,860 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of 3D Systems in the second quarter worth about $57,000. Finally, Inspire Investing LLC bought a new stake in shares of 3D Systems in the second quarter valued at approximately $35,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.