3D Systems Co. (NYSE:DDD) Short Interest Up 7.9% in December

3D Systems Co. (NYSE:DDDGet Rating) saw a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 10,950,000 shares, an increase of 7.9% from the December 15th total of 10,150,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 8.2 days.

Analyst Ratings Changes

Several brokerages have recently commented on DDD. TheStreet downgraded shares of 3D Systems from a “c-” rating to a “d” rating in a research note on Tuesday, November 8th. StockNews.com raised 3D Systems to a “sell” rating in a research report on Tuesday, December 13th. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, 3D Systems has an average rating of “Hold” and an average target price of $16.50.

3D Systems Trading Down 2.4 %

Shares of DDD opened at $9.81 on Wednesday. 3D Systems has a 1-year low of $7.02 and a 1-year high of $20.51. The company has a current ratio of 5.68, a quick ratio of 4.85 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $8.83 and its 200-day moving average price is $9.42. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -11.96 and a beta of 1.62.

3D Systems (NYSE:DDDGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The 3D printing company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). 3D Systems had a negative return on equity of 8.73% and a negative net margin of 18.58%. The company had revenue of $132.25 million during the quarter, compared to analysts’ expectations of $137.39 million. Sell-side analysts anticipate that 3D Systems will post -0.57 EPS for the current year.

Insider Buying and Selling

In other 3D Systems news, EVP Andrew Martin Johnson sold 7,787 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $9.39, for a total transaction of $73,119.93. Following the completion of the sale, the executive vice president now directly owns 178,434 shares in the company, valued at $1,675,495.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other 3D Systems news, EVP Andrew Martin Johnson sold 7,787 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $9.39, for a total value of $73,119.93. Following the completion of the sale, the executive vice president now owns 178,434 shares in the company, valued at $1,675,495.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Graves bought 10,000 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was purchased at an average price of $9.70 per share, for a total transaction of $97,000.00. Following the acquisition, the chief executive officer now directly owns 559,181 shares of the company’s stock, valued at approximately $5,424,055.70. The disclosure for this purchase can be found here. 3.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 3D Systems

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in 3D Systems during the second quarter valued at $344,000. Inspire Investing LLC increased its stake in shares of 3D Systems by 52.7% during the second quarter. Inspire Investing LLC now owns 25,642 shares of the 3D printing company’s stock valued at $249,000 after purchasing an additional 8,849 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of 3D Systems by 38.3% during the second quarter. SG Americas Securities LLC now owns 57,366 shares of the 3D printing company’s stock valued at $556,000 after purchasing an additional 15,873 shares during the last quarter. Bank of Montreal Can boosted its position in shares of 3D Systems by 34.4% in the 2nd quarter. Bank of Montreal Can now owns 151,333 shares of the 3D printing company’s stock worth $1,602,000 after purchasing an additional 38,713 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of 3D Systems by 6.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 105,957 shares of the 3D printing company’s stock worth $846,000 after buying an additional 6,057 shares during the last quarter. 67.32% of the stock is currently owned by institutional investors.

3D Systems Company Profile

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3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.

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