3D Systems (NYSE:DDD) Shares Up 9.2% - Time to Buy?

Key Points

• 3D Systems shares rose 9.2% to $3.43, although trading volume was well below average. The stock is up 15.3% based on the article’s broader period.
• Analyst sentiment remains mixed: Craig Hallum upgraded the stock to Buy with a $6 price target, while Weiss Ratings downgraded it. Overall, analysts rate the shares Hold with an average target of $5.50.
• The company exceeded quarterly earnings and revenue expectations, reporting an adjusted loss of $0.04 per share on $94.6 million in revenue, but it remains unprofitable. CEO Jeffrey Graves also sold 115,500 shares, reducing his position by 8.08%.

3D Systems Corporation (NYSE:DDD - Get Free Report) shares traded up 9.2% during trading on Thursday . The company traded as high as $3.43 and last traded at $3.43. 547,503 shares traded hands during trading, a decline of 85% from the average session volume of 3,660,818 shares. The stock had previously closed at $3.14.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings cut 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 report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $5.50.

3D Systems Stock Up 15.3%

The company has a quick ratio of 2.27, a current ratio of 3.40 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $601.45 million, a PE ratio of -8.83 and a beta of 2.75. The firm's fifty day moving average is $3.17 and its 200-day moving average is $2.80.

3D Systems (NYSE:DDD - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. The company had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.01 million. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%. On average, equities research analysts predict that 3D Systems Corporation will post -0.23 earnings per share for the current year.

Insider Activity at 3D Systems

In other news, CEO Jeffrey Graves sold 115,500 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $3.26, for a total transaction of $376,530.00. Following the transaction, the chief executive officer directly owned 1,314,241 shares of the company's stock, valued at $4,284,425.66. This represents a 8.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.99% of the company's stock.

Institutional Trading of 3D Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in shares of 3D Systems by 83.1% during the 4th quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company's stock worth $3,749,000 after acquiring an additional 961,166 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in 3D Systems by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company's stock valued at $3,537,000 after purchasing an additional 320,427 shares during the last quarter. Penn Capital Management Company LLC grew its holdings in 3D Systems by 992.1% in the fourth quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company's stock valued at $2,288,000 after purchasing an additional 1,174,038 shares during the last quarter. Renaissance Technologies LLC boosted 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 in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of 3D Systems in the 2nd quarter worth about $1,221,000. Hedge funds and other institutional investors own 64.49% of the company's stock.

3D Systems Company Profile

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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