3D Systems Corporation (NYSE:DDD) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts give 3D Systems an average “Hold” rating from five brokerages, with one sell, one hold and three buy ratings. The average 12-month price target is $5.50.
• Shares opened at $3.28, compared with a 52-week range of $1.70 to $4.12. The company’s latest quarterly results beat expectations, reporting a $0.04 adjusted loss per share versus the $0.06 expected loss and revenue of $94.6 million.
• CEO Jeffrey A. Graves sold 115,500 shares worth approximately $376,530, reducing his direct stake by 8.08%; institutional investors collectively own 64.49% of the company.

Shares of 3D Systems Corporation (NYSE:DDD - Get Free Report) have earned an average recommendation of "Hold" from the five brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $5.50.

DDD has been the topic of a number of analyst reports. Craig Hallum upgraded 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a report on Tuesday, August 4th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price objective on shares of 3D Systems in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 4th.

3D Systems Stock Performance

Shares of DDD stock opened at $3.28 on Friday. The firm has a market cap of $544.97 million, a price-to-earnings ratio of -8.00 and a beta of 2.73. The company's 50 day moving average is $3.08 and its 200 day moving average is $2.69. The company has a quick ratio of 2.27, a current ratio of 3.40 and a debt-to-equity ratio of 0.32. 3D Systems has a 52-week low of $1.70 and a 52-week high of $4.12.

3D Systems (NYSE:DDD - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The company had revenue of $94.60 million during the quarter, compared to the consensus estimate of $94.01 million. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. On average, sell-side analysts anticipate that 3D Systems will post -0.23 EPS for the current fiscal year.

Insider Activity at 3D Systems

In other news, CEO Jeffrey A. Graves sold 115,500 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $3.26, for a total value of $376,530.00. Following the sale, the chief executive officer directly owned 1,314,241 shares in the company, valued at approximately $4,284,425.66. This trade represents a 8.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of 3D Systems by 15.9% in the 4th quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company's stock worth $20,107,000 after purchasing an additional 1,556,321 shares in the last quarter. Geode Capital Management LLC increased its position in 3D Systems by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company's stock valued at $4,876,000 after buying an additional 105,500 shares in the last quarter. Nuveen LLC increased its position in 3D Systems by 406.4% during the 4th quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company's stock valued at $4,787,000 after buying an additional 2,170,415 shares in the last quarter. Icon Advisers Inc. Co. raised its stake in 3D Systems by 23.8% in the third quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company's stock valued at $7,540,000 after buying an additional 500,000 shares during the last quarter. Finally, UBS Group AG raised its stake in 3D Systems by 83.1% in the fourth quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company's stock valued at $3,749,000 after buying an additional 961,166 shares during the last quarter. Institutional investors own 64.49% of the company's stock.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company's hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.

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