Alliancebernstein L.P. lessened its holdings in 3D Systems Co. (NYSE:DDD) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,255 shares of the 3D printing company’s stock after selling 2,425 shares during the quarter. Alliancebernstein L.P. owned 0.14% of 3D Systems worth $1,274,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in DDD. Raymond James & Associates boosted its stake in shares of 3D Systems by 2.5% during the 4th quarter. Raymond James & Associates now owns 38,943 shares of the 3D printing company’s stock worth $341,000 after acquiring an additional 955 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in 3D Systems by 1.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 94,293 shares of the 3D printing company’s stock valued at $825,000 after buying an additional 996 shares in the last quarter. Mason Street Advisors LLC lifted its stake in 3D Systems by 2.8% in the 4th quarter. Mason Street Advisors LLC now owns 41,247 shares of the 3D printing company’s stock valued at $361,000 after buying an additional 1,128 shares in the last quarter. Amalgamated Bank lifted its stake in 3D Systems by 11.9% in the 4th quarter. Amalgamated Bank now owns 19,741 shares of the 3D printing company’s stock valued at $173,000 after buying an additional 2,093 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 3D Systems by 26.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,485 shares of the 3D printing company’s stock valued at $81,000 after buying an additional 2,186 shares in the last quarter. 69.84% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on the company. Cfra cut their price target on 3D Systems from $11.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Piper Sandler dropped their price objective on 3D Systems from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. TheStreet downgraded 3D Systems from a “c-” rating to a “d” rating in a report on Monday, March 30th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Thursday, May 7th. Finally, B. Riley downgraded 3D Systems from a “neutral” rating to a “sell” rating and lowered their price target for the company from $10.00 to $4.00 in a report on Thursday, March 19th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. 3D Systems presently has a consensus rating of “Hold” and a consensus price target of $8.57.
DDD opened at $6.99 on Wednesday. The firm has a market cap of $830.88 million, a price-to-earnings ratio of -12.26 and a beta of 1.61. 3D Systems Co. has a fifty-two week low of $5.20 and a fifty-two week high of $12.56. The company’s 50-day moving average price is $7.35 and its 200 day moving average price is $8.63. The company has a quick ratio of 1.53, a current ratio of 2.21 and a debt-to-equity ratio of 0.09.
3D Systems (NYSE:DDD) last announced its quarterly earnings results on Wednesday, May 6th. The 3D printing company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07. 3D Systems had a negative net margin of 10.53% and a negative return on equity of 8.77%. The company had revenue of $134.70 million for the quarter, compared to analyst estimates of $137.96 million. During the same quarter last year, the business earned ($0.09) earnings per share. 3D Systems’s revenue was down 11.4% compared to the same quarter last year. Research analysts anticipate that 3D Systems Co. will post -0.4 earnings per share 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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