3D Systems Corporation (NYSE:DDD) Given Average Rating of "Hold" by Analysts

Key Points

• 3D Systems Corporation has received an average rating of "Hold" from analysts, with one sell, three hold, and one buy recommendation.
• The stock is currently trading at $2.89, with an average one-year target price of $5.00.
• Institutional investors have significantly increased their holdings in 3D Systems, with CWM LLC boosting its stake by 703.1% in the first quarter.

3D Systems Corporation (NYSE:DDD - Get Free Report) has been given a consensus recommendation of "Hold" by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.00.

Several research firms have issued reports on DDD. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research report on Wednesday, October 8th. Zacks Research upgraded shares of 3D Systems to a "hold" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th.

3D Systems Stock Down 9.3%

DDD opened at $2.89 on Monday. The stock has a market cap of $370.00 million, a PE ratio of -2.20 and a beta of 2.11. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. 3D Systems has a 52 week low of $1.32 and a 52 week high of $5.00. The business's fifty day simple moving average is $2.38 and its 200 day simple moving average is $2.00.

Institutional Trading of 3D Systems

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted 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 valued at $26,000 after buying an additional 10,814 shares during the period. NewEdge Advisors LLC raised its stake in shares of 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock valued at $28,000 after acquiring an additional 12,900 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of 3D Systems during the first quarter valued at about $29,000. State of Wyoming bought a new position in shares of 3D Systems during the first quarter valued at about $34,000. Finally, Prudential Financial Inc. raised its stake in shares of 3D Systems by 74.8% during the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company's stock valued at $28,000 after acquiring an additional 7,887 shares during the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

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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