3D Systems Co. (NYSE:DDD) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 38,111,966 shares, a growth of 8.8% from the January 12th total of 35,031,583 shares. Based on an average daily volume of 3,226,913 shares, the short-interest ratio is currently 11.8 days. Approximately 34.9% of the company’s shares are short sold.
A number of equities research analysts have issued reports on the stock. Citigroup reduced their target price on shares of 3D Systems from $13.00 to $8.50 and set a “sell” rating on the stock in a report on Thursday, November 2nd. Bank of America lowered shares of 3D Systems from a “buy” rating to an “underperform” rating and increased their target price for the stock from $9.63 to $12.38 in a report on Wednesday, November 1st. FBR & Co lowered shares of 3D Systems from a “neutral” rating to a “sell” rating in a report on Wednesday, November 1st. B. Riley lowered shares of 3D Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $18.00 to $7.00 in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $10.00 target price on shares of 3D Systems in a report on Wednesday, November 1st. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.68.
Shares of 3D Systems (NYSE DDD) opened at $10.09 on Thursday. 3D Systems has a one year low of $7.92 and a one year high of $23.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. The company has a market cap of $1,155.70, a price-to-earnings ratio of -21.93 and a beta of 1.57.
In related news, Director G Walter Loewenbaum II acquired 40,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average price of $8.94 per share, with a total value of $362,070.00. Following the transaction, the director now owns 1,053,707 shares of the company’s stock, valued at approximately $9,420,140.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 47,930 shares of company stock valued at $428,048 in the last ninety days. 5.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of DDD. PNC Financial Services Group Inc. grew its position in 3D Systems by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after purchasing an additional 1,552 shares during the last quarter. Thrivent Financial For Lutherans grew its position in 3D Systems by 9.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 21,780 shares of the 3D printing company’s stock worth $407,000 after purchasing an additional 1,830 shares during the last quarter. New York State Common Retirement Fund grew its position in 3D Systems by 6.8% during the 2nd quarter. New York State Common Retirement Fund now owns 118,300 shares of the 3D printing company’s stock worth $2,212,000 after purchasing an additional 7,499 shares during the last quarter. Northern Trust Corp grew its position in 3D Systems by 3.8% during the 2nd quarter. Northern Trust Corp now owns 1,782,398 shares of the 3D printing company’s stock worth $33,332,000 after purchasing an additional 65,068 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in 3D Systems by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock worth $169,369,000 after purchasing an additional 446,186 shares during the last quarter. 59.77% of the stock is currently owned by 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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