3D Systems Co. (NYSE:DDD) Receives Consensus Rating of "Hold" from Brokerages

Shares of 3D Systems Co. (NYSE:DDD - Get Free Report) have been assigned an average recommendation of "Hold" from the five brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $3.67.

DDD has been the topic of several research analyst reports. Cantor Fitzgerald lowered their price objective on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research report on Wednesday. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Finally, Wall Street Zen raised 3D Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDD. CWM LLC increased its position in 3D Systems by 703.1% during the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock worth $26,000 after buying an additional 10,814 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of 3D Systems by 5,139.4% during the 1st 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of 3D Systems in the 1st quarter valued at approximately $29,000. Blue Trust Inc. lifted its holdings in 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after purchasing an additional 8,050 shares during the last quarter. Finally, State of Wyoming bought a new stake in 3D Systems during the first quarter worth approximately $34,000. Institutional investors own 64.49% of the company's stock.

3D Systems Price Performance

Shares of NYSE:DDD traded down $0.07 on Tuesday, reaching $1.68. 1,725,222 shares of the company traded hands, compared to its average volume of 2,963,185. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a market capitalization of $228.49 million, a PE ratio of -0.42 and a beta of 1.89. The company's 50 day moving average is $1.85 and its 200-day moving average is $2.81. 3D Systems has a fifty-two week low of $1.48 and a fifty-two week high of $5.00.

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.