3D Systems Corporation (NYSE:DDD) Given Average Recommendation of "Hold" by Brokerages

Key Points

• 3D Systems Corporation has received a consensus rating of "Hold" from five analysts, with three rating it as a hold and two as a buy.
• The average 12-month price target for 3D Systems stock among analysts is $3.67, while the stock opened at $1.68.
• Several institutional investors have recently increased their positions in 3D Systems, with over 64% of the stock owned by hedge funds and other institutions.

3D Systems Corporation (NYSE:DDD - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.67.

A number of brokerages have issued reports on DDD. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research report on Tuesday. Finally, Wall Street Zen upgraded 3D Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st.

3D Systems Stock Down 0.9%

Shares of NYSE:DDD traded down $0.02 during trading hours on Wednesday, reaching $1.67. The stock had a trading volume of 2,089,735 shares, compared to its average volume of 3,001,794. The firm's 50 day moving average is $1.67 and its 200-day moving average is $2.42. 3D Systems has a 1 year low of $1.32 and a 1 year high of $5.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.96 and a current ratio of 2.79. The stock has a market capitalization of $227.12 million, a price-to-earnings ratio of -0.80 and a beta of 1.87.

Institutional Investors Weigh In On 3D Systems

A number of hedge funds have recently made changes to their positions in DDD. CWM LLC increased its holdings in 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock worth $26,000 after purchasing an additional 10,814 shares during the period. NewEdge Advisors LLC raised its holdings 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 valued at $28,000 after purchasing an additional 12,900 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in 3D Systems in the 4th quarter worth $44,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in 3D Systems in the first quarter valued at $29,000. Finally, Canada Pension Plan Investment Board boosted its position in 3D Systems by 67.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock valued at $46,000 after buying an additional 5,700 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.