3D Systems (NYSE:DDD) Stock Rating Cut to "Hold" at Craig Hallum

Key Points

• Craig Hallum downgraded 3D Systems from Buy to Hold and set a $2.00 price target, implying 14.29% upside from the prior close. Analysts’ consensus rating is Hold, with a $3.50 average target.
• Shares rose 4.8% to $1.75 in Friday trading, but remained near their one-year low of $1.64.
• The company’s latest quarterly loss was $0.06 per share, missing estimates of a $0.04 loss, although revenue of $99.3 million exceeded expectations of $97.28 million.

3D Systems (NYSE:DDD - Get Free Report) was downgraded by stock analysts at Craig Hallum from a "buy" rating to a "hold" rating in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $2.00 price target on the 3D printing company's stock. Craig Hallum's target price would indicate a potential upside of 14.29% from the company's previous close.

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research note on Monday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $3.50.

3D Systems Stock Up 4.8%

Shares of DDD traded up $0.08 during midday trading on Friday, hitting $1.75. The company had a trading volume of 648,272 shares, compared to its average volume of 3,524,045. The company's 50-day simple moving average is $3.21 and its 200-day simple moving average is $2.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.27 and a current ratio of 3.40. The firm has a market capitalization of $290.76 million, a P/E ratio of -3.65 and a beta of 2.86. 3D Systems has a 1 year low of $1.64 and a 1 year high of $4.12.

3D Systems (NYSE:DDD - Get Free Report) last released its earnings results on Wednesday, November 4th. The 3D printing company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). 3D Systems had a negative return on equity of 18.71% and a negative net margin of 17.77%. The firm had revenue of $99.30 million for the quarter, compared to analysts' expectations of $97.28 million. As a group, sell-side analysts expect that 3D Systems will post -0.23 EPS for the current year.

Insider Activity at 3D Systems

In other news, CEO Jeffrey Graves sold 42,686 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $3.55, for a total transaction of $151,535.30. Following the sale, the chief executive officer owned 1,231,596 shares in the company, valued at approximately $4,372,165.80. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.99% of the company's stock.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently modified their holdings of the business. CWA Asset Management Group LLC boosted its holdings in shares of 3D Systems by 14.1% in the third quarter. CWA Asset Management Group LLC now owns 28,292 shares of the 3D printing company's stock valued at $102,000 after acquiring an additional 3,500 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 3D Systems by 87.4% during the second quarter. NewEdge Advisors LLC now owns 11,873 shares of the 3D printing company's stock worth $36,000 after purchasing an additional 5,538 shares in the last quarter. WINTON GROUP Ltd purchased a new position in 3D Systems during the second quarter worth about $56,000. Simplicity Wealth LLC acquired a new stake in 3D Systems in the third quarter valued at about $85,000. Finally, Headlands Technologies LLC lifted its position in 3D Systems by 217.7% in the second quarter. Headlands Technologies LLC now owns 47,786 shares of the 3D printing company's stock valued at $144,000 after purchasing an additional 32,744 shares during the period. Institutional investors and hedge funds own 64.49% of the company's stock.

3D Systems Company Profile

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.

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