3D Systems’ (DDD) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a report released on Wednesday morning,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, 3D Systems currently has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Trading Down 6.7 %

NYSE DDD opened at $4.11 on Wednesday. The company’s 50-day moving average price is $3.73 and its 200-day moving average price is $3.13. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The stock has a market cap of $556.72 million, a PE ratio of -1.03 and a beta of 1.63. 3D Systems has a 12 month low of $1.72 and a 12 month high of $5.34.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. Equities research analysts forecast that 3D Systems will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In other 3D Systems news, CEO Jeffrey A. Graves bought 60,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the acquisition, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following 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 ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Institutional Trading of 3D Systems

Several hedge funds have recently modified their holdings of DDD. SG Americas Securities LLC lifted its position in shares of 3D Systems by 23.8% during the third quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock valued at $130,000 after buying an additional 8,769 shares during the last quarter. Creative Planning purchased a new stake in shares of 3D Systems during the third quarter valued at about $43,000. Impact Partnership Wealth LLC lifted its position in shares of 3D Systems by 49.4% during the third quarter. Impact Partnership Wealth LLC now owns 21,157 shares of the 3D printing company’s stock valued at $60,000 after buying an additional 6,992 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of 3D Systems during the third quarter valued at about $36,000. Finally, Optas LLC purchased a new stake in shares of 3D Systems during the third quarter valued at about $66,000. 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.