3D Systems (NYSE:DDD) Raised to "Hold" at Wall Street Zen

3D Systems (NYSE:DDD - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.

DDD has been the topic of several other reports. Cantor Fitzgerald decreased their target price on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, May 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, 3D Systems has an average rating of "Hold" and an average price target of $3.67.

3D Systems Price Performance

Shares of NYSE DDD traded down $0.01 during midday trading on Wednesday, reaching $1.62. 3,136,833 shares of the stock traded hands, compared to its average volume of 2,909,433. The company's 50 day moving average is $2.01 and its 200 day moving average is $2.94. 3D Systems has a one year low of $1.58 and a one year high of $5.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a market capitalization of $220.31 million, a PE ratio of -0.41 and a beta of 1.94.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors have recently modified their holdings of DDD. CWM LLC raised its position in 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock valued at $26,000 after purchasing an additional 10,814 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock valued at $28,000 after buying an additional 12,900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of 3D Systems in the first quarter valued at about $29,000. Blue Trust Inc. raised its holdings in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after acquiring an additional 8,050 shares in the last quarter. Finally, State of Wyoming purchased a new stake in 3D Systems in the first quarter worth about $34,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.