3D Systems (NYSE:DDD) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The firm presently has a $12.44 price objective on the 3D printing company’s stock. Vetr‘s price objective points to a potential upside of 25.78% from the stock’s previous close.
DDD has been the topic of several other research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 price target (down previously from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. Citigroup decreased their price target on shares of 3D Systems from $13.00 to $8.50 and set a “sell” rating on the stock in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Finally, Bank of America cut shares of 3D Systems from a “buy” rating to an “underperform” rating and boosted their price target for the stock from $9.63 to $12.38 in a research note on Wednesday, November 1st. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a strong buy rating to the stock. 3D Systems has a consensus rating of “Hold” and a consensus price target of $12.68.
3D Systems (NYSE:DDD) opened at $9.89 on Tuesday. The firm has a market cap of $1,219.46, a price-to-earnings ratio of -21.50 and a beta of 1.47. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01. 3D Systems has a 1-year low of $7.92 and a 1-year high of $23.70.
3D Systems (NYSE:DDD) last issued its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. analysts expect that 3D Systems will post -0.3 earnings per share for the current fiscal year.
In other 3D Systems news, Director G Walter Loewenbaum II bought 6,430 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $8.81 per share, for a total transaction of $56,648.30. Following the transaction, the director now owns 1,013,207 shares of the company’s stock, valued at $8,926,353.67. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 47,930 shares of company stock worth $428,048 over the last 90 days. Corporate insiders own 5.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in shares of 3D Systems by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 534,228 shares of the 3D printing company’s stock valued at $4,616,000 after buying an additional 16,287 shares in the last quarter. Creative Planning raised its position in shares of 3D Systems by 72.2% during the 4th quarter. Creative Planning now owns 68,470 shares of the 3D printing company’s stock valued at $592,000 after buying an additional 28,710 shares in the last quarter. California Public Employees Retirement System raised its position in shares of 3D Systems by 62.8% during the 3rd quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock valued at $27,934,000 after buying an additional 805,000 shares in the last quarter. Think Investments LP purchased a new stake in shares of 3D Systems during the 3rd quarter valued at about $10,511,000. Finally, Vident Investment Advisory LLC raised its position in shares of 3D Systems by 155.0% during the 3rd quarter. Vident Investment Advisory LLC now owns 959,422 shares of the 3D printing company’s stock valued at $12,847,000 after buying an additional 583,193 shares in the last quarter. Hedge funds and other institutional investors own 60.34% of the company’s stock.
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3D Systems 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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