3D Systems (NYSE:DDD) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday, April 2nd.
Other equities analysts have also recently issued reports about the stock. Vetr cut shares of 3D Systems from a “strong-buy” rating to a “buy” rating and set a $11.00 price objective for the company. in a research report on Thursday, January 11th. Stifel Nicolaus boosted their target price on shares of 3D Systems from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, March 15th. Susquehanna Bancshares set a $12.00 price target on 3D Systems and gave the company a “hold” rating in a research note on Friday, March 16th. JPMorgan Chase downgraded 3D Systems from a “neutral” rating to an “underweight” rating and set a $11.00 price target for the company. in a research note on Friday, February 9th. Finally, William Blair reissued an “outperform” rating on shares of 3D Systems in a research note on Thursday, January 25th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. 3D Systems has an average rating of “Hold” and a consensus target price of $12.33.
DDD stock traded down $0.20 during mid-day trading on Monday, hitting $11.01. 294,967 shares of the company were exchanged, compared to its average volume of 2,592,620. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.62 and a current ratio of 2.12. 3D Systems has a 1-year low of $7.92 and a 1-year high of $23.70. The company has a market capitalization of $1,306.00, a P/E ratio of -19.30 and a beta of 1.43.
3D Systems (NYSE:DDD) last issued its earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The business had revenue of $177.30 million for the quarter, compared to the consensus estimate of $164.87 million. 3D Systems had a negative net margin of 10.24% and a negative return on equity of 8.48%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. analysts forecast that 3D Systems will post -0.11 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Think Investments LP purchased a new stake in shares of 3D Systems during the 3rd quarter valued at $10,511,000. LPL Financial LLC grew its stake in shares of 3D Systems by 18.8% during the 4th quarter. LPL Financial LLC now owns 42,936 shares of the 3D printing company’s stock worth $371,000 after acquiring an additional 6,789 shares during the period. Royce & Associates LP bought a new position in shares of 3D Systems during the 4th quarter worth $4,906,000. Principal Financial Group Inc. boosted its stake in 3D Systems by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 482,134 shares of the 3D printing company’s stock worth $6,456,000 after purchasing an additional 24,967 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in 3D Systems by 9.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 517,941 shares of the 3D printing company’s stock worth $6,936,000 after purchasing an additional 44,686 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.
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About 3D Systems
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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