3D Systems (NYSE:DDD) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a report released on Wednesday.

Several other research analysts have also recently weighed in on DDD. Cantor Fitzgerald decreased their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, May 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, 3D Systems currently has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Down 0.3%

Shares of NYSE:DDD opened at $1.62 on Wednesday. The stock has a fifty day simple moving average of $2.03 and a two-hundred day simple moving average of $2.96. The stock has a market capitalization of $220.31 million, a price-to-earnings ratio of -0.41 and a beta of 1.94. 3D Systems has a 12-month low of $1.58 and a 12-month high of $5.00. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently made changes to their positions in the business. CWM LLC boosted its stake in shares of 3D Systems by 703.1% in the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock worth $26,000 after acquiring an additional 10,814 shares during the period. NewEdge Advisors LLC boosted its stake in shares of 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 12,900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of 3D Systems in the first quarter worth about $29,000. Blue Trust Inc. boosted its stake in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares during the period. Finally, State of Wyoming bought a new position in shares of 3D Systems in the first quarter worth about $34,000. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, 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.