Cantor Fitzgerald Reaffirms "Overweight" Rating for 3D Systems (NYSE:DDD)

Cantor Fitzgerald reiterated their overweight rating on shares of 3D Systems (NYSE:DDD - Free Report) in a report released on Tuesday, Benzinga reports. The firm currently has a $8.25 price target on the 3D printing company's stock.

Separately, StockNews.com downgraded shares of 3D Systems from a hold rating to a sell rating in a report on Sunday, March 3rd.

3D Systems Price Performance

DDD stock traded up $0.24 during mid-day trading on Tuesday, reaching $3.97. The company's stock had a trading volume of 3,452,173 shares, compared to its average volume of 1,605,331. The stock has a market cap of $529.72 million, a PE ratio of -1.41 and a beta of 1.81. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76. 3D Systems has a fifty-two week low of $3.32 and a fifty-two week high of $11.09. The company's 50 day moving average is $4.04 and its two-hundred day moving average is $4.78.

3D Systems (NYSE:DDD - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The 3D printing company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.10). The business had revenue of $114.85 million during the quarter, compared to analyst estimates of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. Equities research analysts expect that 3D Systems will post -0.25 EPS for the current year.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of 3D Systems by 12.2% during the third quarter. Raymond James & Associates now owns 98,336 shares of the 3D printing company's stock worth $483,000 after buying an additional 10,717 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 3D Systems by 5.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 132,276 shares of the 3D printing company's stock valued at $649,000 after acquiring an additional 6,355 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in 3D Systems by 34.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 377,317 shares of the 3D printing company's stock valued at $1,853,000 after acquiring an additional 96,719 shares in the last quarter. Benedetti & Gucer Inc. increased its stake in 3D Systems by 15.2% during the third quarter. Benedetti & Gucer Inc. now owns 29,219 shares of the 3D printing company's stock worth $143,000 after purchasing an additional 3,866 shares during the period. Finally, Syon Capital LLC acquired a new stake in shares of 3D Systems during the third quarter worth about $71,000. Institutional investors and hedge funds own 64.49% of the company's stock.

3D Systems Company Profile

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.