3D Systems Co. (NYSE:DDD) was the target of a significant decline in short interest during the month of January. As of January 12th, there was short interest totalling 35,031,583 shares, a decline of 1.9% from the December 29th total of 35,706,947 shares. Currently, 32.1% of the company’s stock are sold short. Based on an average trading volume of 2,352,104 shares, the short-interest ratio is currently 14.9 days.
A number of equities research analysts recently commented on DDD shares. Vetr downgraded 3D Systems from a “strong-buy” rating to a “buy” rating and set a $11.00 target price for the company. in a report on Thursday, January 11th. Loop Capital reissued a “hold” rating and issued a $10.00 price target on shares of 3D Systems in a report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 target price (down from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. ValuEngine raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised 3D Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.68.
In other 3D Systems news, Director G Walter Loewenbaum II purchased 40,500 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were acquired at an average price of $8.94 per share, for a total transaction of $362,070.00. Following the completion of the purchase, the director now owns 1,053,707 shares of the company’s stock, valued at $9,420,140.58. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought 47,930 shares of company stock worth $428,048 in the last 90 days. Insiders own 5.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in 3D Systems by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after purchasing an additional 1,552 shares in the last quarter. Flinton Capital Management LLC raised its position in 3D Systems by 76.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after purchasing an additional 4,386 shares in the last quarter. Sciencast Management LP purchased a new position in shares of 3D Systems in the 4th quarter valued at about $106,000. Strategic Wealth Advisors Group LLC purchased a new position in shares of 3D Systems in the 2nd quarter valued at about $220,000. Finally, Amalgamated Bank increased its holdings in shares of 3D Systems by 6.5% in the 2nd quarter. Amalgamated Bank now owns 15,694 shares of the 3D printing company’s stock valued at $293,000 after acquiring an additional 956 shares during the last quarter. 60.45% of the stock is currently owned by hedge funds and other institutional investors.
3D Systems (NYSE:DDD) opened at $10.15 on Friday. The firm has a market capitalization of $1,160.00, a price-to-earnings ratio of -22.07 and a beta of 1.57. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. 3D Systems has a twelve month low of $7.92 and a twelve month high of $23.70.
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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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