3D Systems (DDD) Shares Up 9.6% on Insider Buying Activity

Shares of 3D Systems Co. (NYSE:DDD) shot up 9.6% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $9.76 and last traded at $9.61. 3,643,009 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 2,703,104 shares. The stock had previously closed at $8.77.

Specifically, Director G Walter Loewenbaum II bought 6,430 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of $8.81 per share, for a total transaction of $56,648.30. Following the purchase, the director now directly owns 1,013,207 shares in the company, valued at $8,926,353.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is owned by corporate insiders.

DDD has been the subject of several recent research reports. Loop Capital reaffirmed a “hold” rating and issued a $15.00 price target on shares of 3D Systems in a report on Wednesday, August 9th. Deutsche Bank reaffirmed a “hold” rating and issued a $15.00 price target (down previously from $16.00) on shares of 3D Systems in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price target (down previously from $15.00) on shares of 3D Systems in a report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of 3D Systems in a report on Friday, October 6th. Finally, Zacks Investment Research raised 3D Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a strong buy rating to the company’s stock. 3D Systems has an average rating of “Hold” and an average price target of $12.97.

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 (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $162.22 million. During the same period in the prior year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. equities research analysts predict that 3D Systems Co. will post -0.3 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in 3D Systems by 0.3% in the 2nd quarter. Parallel Advisors LLC now owns 14,683 shares of the 3D printing company’s stock valued at $247,000 after buying an additional 49 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in 3D Systems by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,779 shares of the 3D printing company’s stock valued at $295,000 after buying an additional 75 shares during the last quarter. Stifel Financial Corp boosted its position in 3D Systems by 2.4% in the 2nd quarter. Stifel Financial Corp now owns 19,558 shares of the 3D printing company’s stock valued at $367,000 after buying an additional 459 shares during the last quarter. Arizona State Retirement System boosted its position in 3D Systems by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 45,600 shares of the 3D printing company’s stock valued at $853,000 after buying an additional 900 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its position in 3D Systems by 2.1% in the 2nd quarter. State Treasurer State of Michigan now owns 44,600 shares of the 3D printing company’s stock valued at $834,000 after buying an additional 900 shares during the last quarter. 60.55% of the stock is owned by hedge funds and other institutional investors.

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About 3D Systems

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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