3D Systems (NYSE:DDD) Cut to “Hold” at Craig Hallum

3D Systems (NYSE:DDD) was downgraded by equities researchers at Craig Hallum from a “buy” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $2.00 price objective on the 3D printing company’s stock. Craig Hallum‘s price target would suggest a potential upside of 14.29% from the company’s current price.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Monday. Two 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.50.

3D Systems Price Performance

NYSE:DDD traded up $0.08 during trading hours on Friday, hitting $1.75. The company’s stock had a trading volume of 648,272 shares, compared to its average volume of 3,524,045. The business’s 50-day moving average is $3.21 and its two-hundred day moving average is $2.79. The company has a market capitalization of $290.76 million, a PE ratio of -3.65 and a beta of 2.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.27 and a current ratio of 3.40. 3D Systems has a 52-week low of $1.64 and a 52-week high of $4.12.

3D Systems (NYSE:DDD) last released its earnings results on Wednesday, November 4th. The 3D printing company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $99.30 million during the quarter, compared to analyst estimates of $97.28 million. 3D Systems had a negative net margin of 17.77% and a negative return on equity of 18.71%. As a group, research analysts anticipate that 3D Systems will post -0.23 EPS for the current fiscal year.

Insider Activity at 3D Systems

In other news, CEO Jeffrey Graves sold 115,500 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $3.26, for a total value of $376,530.00. Following the transaction, the chief executive officer directly owned 1,314,241 shares of the company’s stock, valued at approximately $4,284,425.66. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DDD. AIGH Capital Management LLC increased its position in 3D Systems by 11.7% in the 3rd quarter. AIGH Capital Management LLC now owns 8,124,428 shares of the 3D printing company’s stock worth $29,248,000 after purchasing an additional 853,428 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of 3D Systems by 561.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,258,048 shares of the 3D printing company’s stock valued at $8,129,000 after buying an additional 1,916,783 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 3D Systems by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company’s stock valued at $3,537,000 after buying an additional 320,427 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of 3D Systems by 16.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company’s stock valued at $2,180,000 after buying an additional 161,643 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in 3D Systems in the second quarter worth approximately $1,221,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

About 3D Systems

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.