3D Systems (NYSE:DDD) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• 3D Systems received an upgrade from Zacks Research, moving from a "hold" to a "strong-buy" rating.
• The stock has an average target price of $5.00 and currently shows mixed analyst ratings, including one Strong Buy, one Buy, two Holds, and one Sell.
• Recent trading has seen 3D Systems' shares open at $3.27, with a market capitalization of approximately $419.38 million.

3D Systems (NYSE:DDD - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports. Zacks Research also issued estimates for 3D Systems' Q3 2027 earnings at ($0.01) EPS.

Other analysts have also issued reports about the stock. Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $5.00.

3D Systems Price Performance

Shares of DDD opened at $3.27 on Wednesday. The stock has a market capitalization of $419.38 million, a PE ratio of -2.50 and a beta of 2.11. 3D Systems has a 1 year low of $1.32 and a 1 year 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's 50-day simple moving average is $2.50 and its 200-day simple moving average is $2.03.

Hedge Funds Weigh In On 3D Systems

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of 3D Systems by 3.4% during the second quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company's stock worth $4,876,000 after acquiring an additional 105,500 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its position in shares of 3D Systems by 14.6% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 2,338,970 shares of the 3D printing company's stock worth $6,783,000 after acquiring an additional 298,310 shares during the last quarter. Nuveen LLC acquired a new stake in shares of 3D Systems during the first quarter worth $3,528,000. Royal Bank of Canada lifted its holdings in shares of 3D Systems by 7.7% during the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company's stock worth $3,242,000 after purchasing an additional 109,467 shares during the period. Finally, Nikko Asset Management Americas Inc. lifted its holdings in shares of 3D Systems by 2.0% during the first quarter. Nikko Asset Management Americas Inc. now owns 814,994 shares of the 3D printing company's stock worth $1,728,000 after purchasing an additional 15,911 shares during the period. 64.49% of the stock is currently 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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