3D Systems Co. (NYSE:DDD) Given Consensus Rating of “Hold” by Brokerages

3D Systems Co. (NYSE:DDD) has been given an average recommendation of “Hold” by the five brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.67.

Several equities research analysts have weighed in on the company. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Wednesday. Cantor Fitzgerald dropped 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. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday, May 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, May 10th.

3D Systems Price Performance

Shares of NYSE DDD opened at $1.73 on Friday. The stock’s 50-day moving average is $2.09 and its two-hundred day moving average is $2.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems has a 1-year low of $1.65 and a 1-year high of $5.00. The company has a market cap of $235.31 million, a price-to-earnings ratio of -0.43 and a beta of 1.94.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DDD. CWM LLC lifted its position in 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 acquiring an additional 10,814 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 12,900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of 3D Systems in the 1st quarter valued at approximately $29,000. Blue Trust Inc. lifted its holdings in shares of 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after buying an additional 8,050 shares during the period. Finally, State of Wyoming acquired a new stake in shares of 3D Systems in the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.