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

3D Systems (NYSE:DDD)‘s stock had its “hold” rating reissued by investment analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports.

DDD has been the topic of a number of other reports. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Cantor Fitzgerald cut their price objective on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Saturday. Four equities 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, the company has an average rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Down 26.7%

DDD stock opened at $1.87 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The firm has a market cap of $253.47 million, a PE ratio of -0.47 and a beta of 1.94. 3D Systems has a 12 month low of $1.71 and a 12 month high of $5.00. The firm has a 50 day simple moving average of $2.19 and a 200 day simple moving average of $3.05.

Institutional Inflows and Outflows

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