3D Systems (NYSE:DDD) Share Price Breaks Above 200 Day Moving Average - Time to Sell?

Key Points

• 3D Systems shares broke above the 200-day moving average, reaching $3.36 before closing at $3.24, compared with the 200-day average of $2.97.
• Analyst views remain mixed: Craig Hallum upgraded the stock to “Buy” with a $6 target, while Weiss Ratings downgraded it to “Sell.” Overall, analysts hold a consensus “Hold” rating with an average price target of $5.50.
• The company modestly beat quarterly expectations, reporting an adjusted loss of $0.04 per share and revenue of $94.6 million, but remained unprofitable with a negative net margin. CEO Jeffrey Graves also sold 42,686 shares at an average price of $3.55.

Shares of 3D Systems Corporation (NYSE:DDD - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2.97 and traded as high as $3.36. 3D Systems shares last traded at $3.24, with a volume of 2,670,591 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings lowered 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 4th. Craig Hallum raised 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.50.

3D Systems Stock Down 4.1%

The stock's fifty day moving average is $3.44 and its 200 day moving average is $2.97. 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 company has a market capitalization of $538.33 million, a P/E ratio of -7.90 and a beta of 2.77.

3D Systems (NYSE:DDD - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business had revenue of $94.60 million during 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%. Research analysts predict that 3D Systems Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at 3D Systems

In other news, CEO Jeffrey Graves sold 42,686 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $3.55, for a total transaction of $151,535.30. Following the completion of the sale, the chief executive officer directly owned 1,231,596 shares in the company, valued at approximately $4,372,165.80. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DDD. Bank of New York Mellon Corp purchased a new stake in 3D Systems in the 2nd quarter worth approximately $1,221,000. Dimensional Fund Advisors LP grew its position in shares of 3D Systems by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company's stock worth $3,537,000 after buying an additional 320,427 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of 3D Systems in the 2nd quarter worth approximately $774,000. Renaissance Technologies LLC grew its position in shares of 3D Systems by 16.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company's stock worth $2,180,000 after buying an additional 161,643 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of 3D Systems by 87.4% during the second quarter. NewEdge Advisors LLC now owns 11,873 shares of the 3D printing company's stock valued at $36,000 after buying an additional 5,538 shares during the period. Hedge funds and other institutional investors own 64.49% of the company's stock.

About 3D Systems

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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