3D Systems (NYSE:DDD) Upgraded at Craig Hallum

Craig Hallum upgraded shares of 3D Systems (NYSE:DDD) from a hold rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has $6.00 target price on the 3D printing company’s stock.

DDD has been the topic of several other reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of 3D Systems in a research note on Wednesday, May 13th. Weiss Ratings raised shares of 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.50.

3D Systems Stock Performance

NYSE DDD opened at $3.51 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 1.73. The company has a market cap of $583.19 million, a P/E ratio of -8.56 and a beta of 2.73. The stock has a 50-day moving average of $3.02 and a two-hundred day moving average of $2.57. 3D Systems has a 1-year low of $1.70 and a 1-year high of $4.12.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. The business had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $94.01 million. As a group, analysts anticipate that 3D Systems will post -0.31 EPS for the current year.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently made changes to their positions in DDD. Deutsche Bank AG lifted its holdings in shares of 3D Systems by 5.4% in the 4th quarter. Deutsche Bank AG now owns 98,565 shares of the 3D printing company’s stock valued at $174,000 after buying an additional 5,093 shares during the period. ProShare Advisors LLC grew its holdings in 3D Systems by 11.8% during the fourth quarter. ProShare Advisors LLC now owns 56,675 shares of the 3D printing company’s stock worth $100,000 after acquiring an additional 5,970 shares during the period. Intech Investment Management LLC raised its position in 3D Systems by 15.9% in the fourth quarter. Intech Investment Management LLC now owns 52,435 shares of the 3D printing company’s stock worth $93,000 after acquiring an additional 7,204 shares in the last quarter. Prudential Financial Inc. raised its position in 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 7,887 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in 3D Systems by 1.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 772,424 shares of the 3D printing company’s stock valued at $1,367,000 after acquiring an additional 8,392 shares during the period. Hedge funds and other institutional investors own 64.49% of the company’s stock.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.