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

Key Points

• 3D Systems Corporation has received an average recommendation of "Hold" from six brokerages, with four analysts suggesting a hold and two a buy rating.
• The stock's 12-month price target is approximately $3.67, reflecting some positive sentiment despite mixed ratings.
• Institutional investors have significantly increased their stakes in the company, with CWM LLC raising its holdings by 703.1% and NewEdge Advisors LLC by 5,139.4% in the first quarter.

Shares of 3D Systems Corporation (NYSE:DDD - Get Free Report) have earned a consensus recommendation of "Hold" from the six brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $3.6667.

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Wall Street Zen raised 3D Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Zacks Research raised 3D Systems to a "hold" rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a research report on Thursday, August 14th.

3D Systems Price Performance

Shares of DDD stock traded down $0.12 during trading hours on Friday, reaching $2.44. The company's stock had a trading volume of 3,760,108 shares, compared to its average volume of 3,655,458. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The company has a market capitalization of $312.55 million, a price-to-earnings ratio of -1.87 and a beta of 1.92. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm's 50 day simple moving average is $1.79 and its 200-day simple moving average is $2.19.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DDD. CWM LLC raised its position in shares of 3D Systems by 703.1% in the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock worth $26,000 after acquiring an additional 10,814 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company's stock valued at $28,000 after buying an additional 7,887 shares during the period. NewEdge Advisors LLC lifted its position 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 buying an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of 3D Systems in the 1st quarter worth approximately $29,000. Finally, State of Wyoming bought a new stake in shares of 3D Systems in the 1st quarter worth approximately $34,000. 64.49% of the stock is owned by institutional investors.

3D Systems Company Profile

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.