3D Systems (NYSE:DDD) Receives "Hold" Rating from Needham & Company LLC

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "hold" rating restated by Needham & Company LLC in a report issued on Wednesday,Benzinga reports.

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

3D Systems Stock Down 0.3%

DDD traded down $0.01 on Wednesday, hitting $1.72. 1,473,771 shares of the company were exchanged, compared to its average volume of 2,865,249. 3D Systems has a 12 month low of $1.65 and a 12 month high of $5.00. The company has a market cap of $233.95 million, a PE ratio of -0.43 and a beta of 1.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The stock's fifty day moving average is $2.13 and its 200-day moving average is $3.02.

Institutional Trading of 3D Systems

Hedge funds have recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of 3D Systems in the first quarter valued at approximately $3,528,000. Icon Advisers Inc. Co. acquired a new position in shares of 3D Systems in the fourth quarter valued at approximately $5,248,000. Penn Capital Management Company LLC acquired a new position in shares of 3D Systems in the fourth quarter valued at approximately $5,214,000. Two Sigma Advisers LP raised its stake in 3D Systems by 553.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company's stock worth $4,712,000 after purchasing an additional 1,216,900 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in 3D Systems by 172.2% in the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock worth $4,894,000 after purchasing an additional 944,010 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company's stock.

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.