3D Systems Co. (NYSE:DDD) Receives Average Recommendation of "Hold" from Analysts

3D Systems Co. (NYSE:DDD - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $3.67.

Several research firms recently commented on DDD. Cantor Fitzgerald lowered their target price 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. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a report on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, May 10th. Finally, StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.

Institutional Trading of 3D Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. ARK Investment Management LLC lifted its holdings in shares of 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock valued at $14,478,000 after purchasing an additional 535,287 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of 3D Systems by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company's stock valued at $10,506,000 after purchasing an additional 68,530 shares during the last quarter. Nuveen LLC purchased a new stake in shares of 3D Systems in the 1st quarter valued at about $3,528,000. Icon Advisers Inc. Co. purchased a new stake in shares of 3D Systems in the 4th quarter valued at about $5,248,000. Finally, Penn Capital Management Company LLC purchased a new stake in shares of 3D Systems in the 4th quarter valued at about $5,214,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Trading Down 4.0%

DDD opened at $1.68 on Friday. 3D Systems has a 12 month low of $1.65 and a 12 month high of $5.00. The stock has a market capitalization of $227.72 million, a price-to-earnings ratio of -0.42 and a beta of 1.94. 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 business has a fifty day moving average price of $2.15 and a 200 day moving average price of $3.03.

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.

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