Jeffrey Graves Sells 42,686 Shares of 3D Systems (NYSE:DDD) Stock

Key Points

• CEO Jeffrey Graves sold 42,686 shares of 3D Systems at an average price of $3.55, generating $151,535.30. His remaining stake totals 1,231,596 shares, a 3.35% reduction in ownership.
• 3D Systems shares recently traded at $3.64, with a market capitalization of approximately $604.8 million. The stock has ranged from $1.70 to $4.12 over the past year.
• The company beat quarterly EPS and revenue estimates, but remains unprofitable; analysts have a consensus “Hold” rating and an average price target of $5.50.

3D Systems Corporation (NYSE:DDD - Get Free Report) CEO Jeffrey Graves sold 42,686 shares of the business's 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 $4,372,165.80. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

3D Systems Price Performance

Shares of NYSE DDD traded up $0.10 during midday trading on Friday, hitting $3.64. The company had a trading volume of 6,746,580 shares, compared to its average volume of 3,694,465. The firm has a market capitalization of $604.79 million, a price-to-earnings ratio of -8.88 and a beta of 2.75. 3D Systems Corporation has a twelve month low of $1.70 and a twelve month high of $4.12. The business has a 50-day simple moving average of $3.18 and a two-hundred day simple moving average of $2.81. 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 (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 (EPS) for the quarter, beating 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%. Equities research analysts anticipate that 3D Systems Corporation will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

DDD has been the topic of several research reports. Craig Hallum upgraded shares of 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a research report on Tuesday, August 4th. Weiss Ratings lowered 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $5.50.

Institutional Investors Weigh In On 3D Systems

Several hedge funds have recently modified their holdings of the company. J. Derek Lewis & Associates Inc. purchased a new stake in 3D Systems in the 4th quarter worth approximately $27,000. NewEdge Advisors LLC lifted its stake in shares of 3D Systems by 87.4% during the 2nd 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 during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of 3D Systems by 130.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 30,000 shares of the 3D printing company's stock worth $56,000 after purchasing an additional 17,000 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of 3D Systems during the second quarter worth $56,000. Finally, GC Wealth Management RIA LLC purchased a new stake in shares of 3D Systems in the first quarter valued at $86,000. 64.49% of the stock is 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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