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

Key Points

• Analysts give 3D Systems an average “Hold” rating: Of five analysts, three recommend buying, one recommends holding, and one recommends selling. The average 12-month price target is $5.50, compared with the stock’s $3.59 opening price.
• 3D Systems’ latest quarterly results exceeded expectations, with an adjusted loss of $0.04 per share versus the projected $0.06 loss and revenue of $94.6 million versus estimates of $94.01 million. However, the company remains unprofitable, with a negative net margin of 14.15%.
• Institutional investors own 64.49% of the stock, while CEO Jeffrey Graves recently sold 115,500 shares for approximately $376,530, reducing his position by 8.08%.

Shares of 3D Systems Corporation (NYSE:DDD - Get Free Report) have been given an average recommendation of "Hold" by the five analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.50.

A number of brokerages have commented on DDD. Craig Hallum upgraded 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 price objective on the stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 4th.

3D Systems Trading Up 3.2%

DDD opened at $3.59 on Wednesday. 3D Systems has a 1-year low of $1.70 and a 1-year high of $4.12. The stock has a market capitalization of $596.48 million, a PE ratio of -8.76 and a beta of 2.75. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $3.22 and a two-hundred day moving average price of $2.84.

3D Systems (NYSE:DDD - Get Free Report) last announced its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The company had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.01 million. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. As a group, equities analysts anticipate that 3D Systems will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jeffrey Graves sold 115,500 shares of 3D Systems stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $3.26, for a total transaction of $376,530.00. Following the transaction, the chief executive officer owned 1,314,241 shares in the company, valued at $4,284,425.66. The trade was a 8.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.99% of the stock is owned by company insiders.

Institutional Trading of 3D Systems

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of 3D Systems by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company's stock valued at $3,537,000 after buying an additional 320,427 shares during the period. Penn Capital Management Company LLC raised its holdings in shares of 3D Systems by 992.1% during the fourth quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company's stock worth $2,288,000 after acquiring an additional 1,174,038 shares during the period. Renaissance Technologies LLC raised its holdings in shares of 3D Systems by 16.2% during the first quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company's stock worth $2,180,000 after acquiring an additional 161,643 shares during the period. Bank of New York Mellon Corp bought a new stake in 3D Systems in the 2nd quarter valued at $1,221,000. Finally, Squarepoint Ops LLC bought a new stake in 3D Systems in the 2nd quarter valued at $774,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

About 3D Systems

3D Systems Corporation NYSE: DDD develops and provides additive manufacturing, commonly known as 3D printing, technologies for industrial and healthcare applications. The company offers 3D printers, printing materials, software, design and production services, and related support to help customers move from product development and prototyping to production.

Its solutions serve industries including aerospace and defense, automotive, healthcare, dental, consumer products, and general manufacturing.

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