3D Systems Corporation (NYSE:DDD) Stock Has Average Target Price of $5.50 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on 3D Systems, with three buys, one hold, and one sell among five analysts. The average 12-month price target is $5.50, including a recent upgrade from Craig Hallum to “Buy” with a $6 target.
• CEO Jeffrey Graves sold 42,686 shares at an average price of $3.55, reducing his holdings by 3.35%; insiders own 3.99% of the company, while institutional investors hold 64.49%.
• Shares opened at $2.75, versus a 52-week range of $1.70 to $4.12. In its latest quarter, 3D Systems reported a smaller-than-expected loss of $0.04 per share and revenue of $94.6 million, but remained unprofitable with a negative net margin of 14.15%.

3D Systems Corporation (NYSE:DDD - Get Free Report) has received an average recommendation of "Hold" from the five brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.50.

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

Insider Activity

In other news, CEO Jeffrey Graves sold 42,686 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $4,372,165.80. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.99% of the company's stock.

Hedge Funds Weigh In On 3D Systems

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in 3D Systems by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company's stock worth $3,537,000 after purchasing an additional 320,427 shares during the last quarter. Renaissance Technologies LLC grew its holdings in 3D Systems by 16.2% in the first quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company's stock valued at $2,180,000 after purchasing an additional 161,643 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in 3D Systems in the second quarter valued at $1,221,000. Squarepoint Ops LLC acquired a new stake in 3D Systems in the second quarter valued at $774,000. Finally, PFG Investments LLC increased its position in shares of 3D Systems by 91.4% in the first quarter. PFG Investments LLC now owns 159,175 shares of the 3D printing company's stock valued at $299,000 after buying an additional 75,990 shares in the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Price Performance

3D Systems stock opened at $2.75 on Friday. 3D Systems has a one year low of $1.70 and a one year high of $4.12. 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 business has a fifty day moving average of $3.39 and a two-hundred day moving average of $2.99. The company has a market cap of $456.91 million, a P/E ratio of -6.71 and a beta of 2.77.

3D Systems (NYSE:DDD - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The business had revenue of $94.60 million for the quarter, compared to analysts' expectations 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, analysts predict that 3D Systems will post -0.23 earnings per share for the current fiscal year.

3D Systems Company Profile

3D Systems Corporation NYSE: DDD develops and provides additive manufacturing technologies, commonly known as 3D printing. The company serves industrial and healthcare customers with systems designed to produce prototypes, production parts, models, and customized components.

Its offerings include 3D printers, printing materials, software, and related services. The company supports multiple additive manufacturing processes and materials, including polymer and metal-based technologies, and provides design, engineering, production, and healthcare solutions for applications such as aerospace, automotive, medical devices, dental products, and industrial manufacturing.

Founded in 1986 by Chuck Hull, the inventor of stereolithography, 3D Systems is widely recognized as one of the pioneers of commercial 3D printing.

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