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

Shares of 3D Systems Corporation (NYSE:DDD - Get Free Report) have earned an average rating of "Hold" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $3.67.

DDD has been the topic of several research analyst reports. Cantor Fitzgerald cut their target price on 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a report on Wednesday, May 14th. Weiss Ratings reiterated a "sell (e+)" rating on shares of 3D Systems in a report on Friday, June 27th. Finally, Wall Street Zen upgraded 3D Systems from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DDD. Rhumbline Advisers lifted its holdings in shares of 3D Systems by 2.2% in the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company's stock valued at $680,000 after purchasing an additional 4,451 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of 3D Systems by 496.9% in the fourth quarter. New York State Common Retirement Fund now owns 21,502 shares of the 3D printing company's stock valued at $71,000 after purchasing an additional 17,900 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of 3D Systems in the fourth quarter valued at approximately $87,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of 3D Systems by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company's stock valued at $3,913,000 after purchasing an additional 178,102 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of 3D Systems in the fourth quarter valued at approximately $318,000. Institutional investors own 64.49% of the company's stock.

3D Systems Stock Up 3.3%

Shares of 3D Systems stock opened at $1.71 on Friday. 3D Systems has a one year low of $1.32 and a one year high of $5.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.79 and a quick ratio of 1.96. The stock's 50-day moving average is $1.74 and its 200 day moving average is $2.63. The firm has a market cap of $232.58 million, a price-to-earnings ratio of -0.82 and a beta of 1.87.

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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