3D Systems (NYSE:DDD) Given "Hold" Rating at Needham & Company LLC

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports.

A number of other analysts also recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research report on Saturday, May 10th. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Cantor Fitzgerald decreased their price target on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $3.67.

3D Systems Stock Up 3.9%

Shares of DDD traded up $0.07 during mid-day trading on Wednesday, reaching $1.74. 3,348,552 shares of the stock traded hands, compared to its average volume of 2,865,403. The firm has a market cap of $236.68 million, a price-to-earnings ratio of -0.44 and a beta of 1.94. The stock has a fifty day simple moving average of $2.13 and a 200 day simple moving average of $3.02. 3D Systems has a 12-month low of $1.65 and a 12-month high of $5.00. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently added to or reduced their stakes in the business. Penn Capital Management Company LLC acquired a new position in 3D Systems in the fourth quarter worth $5,214,000. Icon Advisers Inc. Co. bought a new stake in 3D Systems in the fourth quarter valued at $5,248,000. Barclays PLC lifted its stake in 3D Systems by 260.1% in the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company's stock valued at $589,000 after buying an additional 149,793 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 3D Systems by 446.6% in the fourth quarter. JPMorgan Chase & Co. now owns 308,015 shares of the 3D printing company's stock valued at $1,010,000 after buying an additional 251,661 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 buying an additional 178,102 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company's stock.

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.