3D Systems Corporation (NYSE:DDD) Stock Has Average Price Target of $5.50 According to Brokerages

3D Systems Corporation (NYSE:DDD) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $5.50.

Several equities research analysts have recently commented on DDD shares. Craig Hallum raised 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Tuesday, August 4th. Weiss Ratings cut 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th.

3D Systems Stock Up 3.8%

Shares of 3D Systems stock opened at $3.56 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 2.27. The company has a market capitalization of $591.49 million, a P/E ratio of -8.68 and a beta of 2.75. The business has a 50-day moving average of $3.26 and a two-hundred day moving average of $2.87. 3D Systems has a 1 year low of $1.70 and a 1 year high of $4.12.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $94.60 million during the quarter, compared to the consensus estimate of $94.01 million. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%. As a group, equities analysts predict that 3D Systems will post -0.23 EPS for the current year.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey Graves sold 115,500 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $3.26, for a total value of $376,530.00. Following the transaction, the chief executive officer directly owned 1,314,241 shares of the company’s stock, valued at $4,284,425.66. This represents a 8.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in 3D Systems during the 2nd quarter worth $1,221,000. Dimensional Fund Advisors LP increased its stake in shares of 3D Systems by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company’s stock valued at $3,537,000 after buying an additional 320,427 shares during the period. Penn Capital Management Company LLC increased its stake in shares of 3D Systems by 992.1% in the fourth quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock valued at $2,288,000 after buying an additional 1,174,038 shares during the period. Renaissance Technologies LLC raised its position in shares of 3D Systems by 16.2% during the first quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company’s stock worth $2,180,000 after acquiring an additional 161,643 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of 3D Systems during the second quarter worth about $774,000. 64.49% of the stock is currently owned by institutional investors.

About 3D Systems

3D Systems Corporation (NYSE:DDD) develops and provides additive manufacturing, commonly known as 3D printing, technologies for industrial and healthcare applications. The company offers 3D printers, printing materials, software, design and production services, and related support to help customers move from product development and prototyping to production.

Its solutions serve industries including aerospace and defense, automotive, healthcare, dental, consumer products, and general manufacturing.