3D Systems' (DDD) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• 3D Systems' stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook for the company.
• Despite receiving mixed ratings, including a consensus "Hold" rating, the stock is trending downward, down 4.3% recently.
• Institutional investors are increasing their stakes in 3D Systems, with 64.49% of shares now held by institutional investors and hedge funds.

Weiss Ratings reiterated their sell (d-) rating on shares of 3D Systems (NYSE:DDD - Free Report) in a report released on Saturday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded 3D Systems to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $3.67.

3D Systems Stock Performance

DDD stock remained flat at $2.05 during midday trading on Friday. The company's stock had a trading volume of 3,509,238 shares, compared to its average volume of 5,060,909. 3D Systems has a 52-week low of $1.32 and a 52-week high of $5.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.76. The company has a market cap of $262.91 million, a P/E ratio of -1.56 and a beta of 2.09. The stock's 50 day moving average is $1.88 and its two-hundred day moving average is $2.10.

Hedge Funds Weigh In On 3D Systems

A number of large investors have recently modified their holdings of DDD. CWM LLC increased its position in shares of 3D Systems by 703.1% in the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock valued at $26,000 after acquiring an additional 10,814 shares during the last quarter. Prudential Financial Inc. grew its stake in 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company's stock valued at $28,000 after purchasing an additional 7,887 shares in the last quarter. NewEdge Advisors LLC increased 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 purchasing an additional 12,900 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of 3D Systems during the 1st quarter worth approximately $29,000. Finally, State of Wyoming bought a new stake in shares of 3D Systems during the 1st quarter worth approximately $34,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

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.