ValuEngine upgraded shares of 3D Systems Corporation (NYSE:DDD) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.
A number of other analysts have also weighed in on DDD. Susquehanna Bancshares Inc assumed coverage on 3D Systems Corporation in a research note on Thursday, July 13th. They issued a neutral rating and a $16.00 target price on the stock. Loop Capital assumed coverage on 3D Systems Corporation in a research note on Monday, July 24th. They set a hold rating and a $18.00 price target on the stock. BidaskClub lowered 3D Systems Corporation from a sell rating to a strong sell rating in a research note on Monday, July 31st. J P Morgan Chase & Co upgraded 3D Systems Corporation from an underweight rating to a neutral rating and set a $13.00 price target on the stock in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered 3D Systems Corporation from a hold rating to a strong sell rating in a research note on Tuesday, August 8th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $13.24.
3D Systems Corporation (NYSE:DDD) traded up $0.09 during mid-day trading on Thursday, reaching $8.75. The company’s stock had a trading volume of 2,038,500 shares, compared to its average volume of 4,072,517. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. 3D Systems Corporation has a twelve month low of $8.09 and a twelve month high of $23.70.
3D Systems Corporation (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). 3D Systems Corporation had a negative return on equity of 5.85% and a negative net margin of 8.01%. The business had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $162.22 million. During the same quarter in the previous year, the business earned $0.14 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. sell-side analysts predict that 3D Systems Corporation will post -0.3 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in DDD. Strs Ohio purchased a new position in 3D Systems Corporation during the second quarter valued at approximately $115,000. LS Investment Advisors LLC raised its position in 3D Systems Corporation by 20.0% during the second quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after acquiring an additional 1,452 shares in the last quarter. PNC Financial Services Group Inc. raised its position in 3D Systems Corporation by 19.4% during the second quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after acquiring an additional 1,552 shares in the last quarter. Riverhead Capital Management LLC raised its position in 3D Systems Corporation by 77.3% during the second quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock valued at $186,000 after acquiring an additional 4,326 shares in the last quarter. Finally, Flinton Capital Management LLC raised its position in 3D Systems Corporation by 76.8% during the second quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after acquiring an additional 4,386 shares in the last quarter. 58.43% of the stock is owned by hedge funds and other institutional investors.
3D Systems Corporation Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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