3D Systems (NYSE:DDD) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated a "sell (D-)" rating for 3D Systems (NYSE:DDD), indicating a negative outlook for the company's stock.
• Other analysts have varied opinions, with some upgrading their ratings to "hold," resulting in a consensus rating of "hold" and a price target of $5.00.
• The company has seen increased interest from institutional investors, with hedge funds owning approximately 64.49% of the stock, indicating potential confidence in the company's future prospects.

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Several other research analysts also recently weighed in on the company. Zacks Research upgraded 3D Systems to a "hold" rating in a research note on Tuesday, August 12th. Wall Street Zen raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.00.

3D Systems Trading Up 5.4%

NYSE DDD opened at $2.35 on Friday. The firm has a market cap of $301.39 million, a PE ratio of -1.79 and a beta of 2.08. 3D Systems has a 52 week low of $1.32 and a 52 week high of $5.00. 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 company has a 50 day moving average price of $1.96 and a 200 day moving average price of $1.98.

Institutional Investors Weigh In On 3D Systems

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of 3D Systems by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company's stock valued at $4,876,000 after acquiring an additional 105,500 shares during the period. Silverberg Bernstein Capital Management LLC boosted its position in 3D Systems by 33.0% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 2,040,660 shares of the 3D printing company's stock worth $3,143,000 after purchasing an additional 506,139 shares in the last quarter. Nuveen LLC acquired a new stake in 3D Systems in the first quarter valued at approximately $3,528,000. Royal Bank of Canada increased its position in shares of 3D Systems by 7.7% in the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company's stock valued at $3,242,000 after buying an additional 109,467 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of 3D Systems by 172.2% in the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock valued at $4,894,000 after buying an additional 944,010 shares in the last quarter. 64.49% of the stock is owned by hedge funds and other 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.

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