3D Systems (NYSE:DDD) Shares Gap Up to $3.73

3D Systems Co. (NYSE:DDD - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $3.73, but opened at $3.93. 3D Systems shares last traded at $4.37, with a volume of 897,566 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on DDD. StockNews.com cut 3D Systems from a "hold" rating to a "sell" rating in a research note on Sunday, March 3rd. Cantor Fitzgerald restated an "overweight" rating and issued a $8.25 target price on shares of 3D Systems in a research note on Tuesday.

3D Systems Price Performance

The stock has a market cap of $529.72 million, a price-to-earnings ratio of -1.41 and a beta of 1.81. The company has a 50-day simple moving average of $4.04 and a two-hundred day simple moving average of $4.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.24 and a current ratio of 4.30.

3D Systems (NYSE:DDD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The company had revenue of $114.85 million for the quarter, compared to analyst estimates of $124.33 million. 3D Systems had a negative return on equity of 9.34% and a negative net margin of 75.90%. As a group, equities research analysts forecast that 3D Systems Co. will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its holdings in 3D Systems by 5,994.9% in the 4th quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company's stock valued at $30,000 after buying an additional 4,676 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of 3D Systems by 471.7% during the 4th quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company's stock valued at $31,000 after acquiring an additional 3,991 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of 3D Systems by 386.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,490 shares of the 3D printing company's stock valued at $41,000 after acquiring an additional 5,155 shares during the period. Numerai GP LLC bought a new stake in shares of 3D Systems during the 3rd quarter valued at $53,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of 3D Systems during the 4th quarter valued at $65,000. 64.49% of the stock is owned by institutional investors and hedge funds.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.