3D Systems Co. (DDD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of 3D Systems Co. (NYSE:DDD) have been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.49.

A number of research analysts have issued reports on the company. Zacks Investment Research raised 3D Systems from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, August 13th. Canaccord Genuity reissued a “hold” rating and issued a $13.00 price target (up from $11.00) on shares of 3D Systems in a report on Wednesday, August 8th. ValuEngine raised 3D Systems from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. B. Riley boosted their price target on 3D Systems from $7.00 to $9.00 and gave the company a “sell” rating in a report on Wednesday, August 8th. Finally, Piper Jaffray Companies reissued a “sell” rating and issued a $14.00 price target on shares of 3D Systems in a report on Wednesday, August 8th.

In other news, EVP Andrew Martin Johnson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $19.01, for a total transaction of $95,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kevin Mcalea sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $21.21, for a total value of $424,200.00. Following the transaction, the chief operating officer now directly owns 250,257 shares of the company’s stock, valued at $5,307,950.97. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. acquired a new position in shares of 3D Systems during the 1st quarter worth approximately $117,000. Oppenheimer & Co. Inc. acquired a new position in 3D Systems in the 1st quarter valued at $120,000. Private Advisor Group LLC acquired a new position in 3D Systems in the 1st quarter valued at $147,000. K.J. Harrison & Partners Inc acquired a new position in 3D Systems in the 1st quarter valued at $174,000. Finally, Cim Investment Mangement Inc. acquired a new position in 3D Systems in the 1st quarter valued at $174,000. 71.17% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DDD opened at $20.88 on Tuesday. 3D Systems has a 12-month low of $7.92 and a 12-month high of $21.73. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -36.63 and a beta of 1.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.95 and a quick ratio of 1.44.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.12. 3D Systems had a negative return on equity of 9.22% and a negative net margin of 11.54%. The company had revenue of $176.57 million during the quarter, compared to the consensus estimate of $165.83 million. sell-side analysts anticipate that 3D Systems will post -0.15 EPS for the current year.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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Analyst Recommendations for 3D Systems (NYSE:DDD)

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