3D Systems (NYSE:DDD) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• 3D Systems shares rose above their 200-day moving average, reaching $3.53 before trading near $3.38, compared with the $2.75 long-term average.
• Analyst sentiment remains mixed: the stock carries an overall “Hold” rating with a $5.50 consensus price target, while individual targets range from $5 to $6.
• The company beat quarterly loss and revenue estimates, but remains unprofitable; its CEO also sold 115,500 shares, reducing his position by 8.08%.

3D Systems Corporation (NYSE:DDD - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.75 and traded as high as $3.53. 3D Systems shares last traded at $3.38, with a volume of 1,768,140 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on DDD shares. Weiss Ratings lowered 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 4th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $5.00 price objective on shares of 3D Systems in a research report on Wednesday, May 13th. Finally, Craig Hallum raised 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 price objective on the stock in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.50.

3D Systems Stock Down 2.3%

The stock has a market cap of $561.59 million, a price-to-earnings ratio of -8.24 and a beta of 2.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.27 and a current ratio of 3.40. The firm's 50-day simple moving average is $3.13 and its two-hundred day simple moving average is $2.75.

3D Systems (NYSE:DDD - Get Free Report) last announced its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, topping 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 net margin of 14.15% and a negative return on equity of 19.56%. On average, sell-side analysts expect that 3D Systems Corporation will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jeffrey Graves sold 115,500 shares of 3D Systems stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $3.26, for a total value of $376,530.00. Following the completion of the sale, the chief executive officer directly owned 1,314,241 shares of the company's stock, valued at approximately $4,284,425.66. This trade represents a 8.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.99% of the company's stock.

Hedge Funds Weigh In On 3D Systems

Several large investors have recently made changes to their positions in the company. Deutsche Bank AG increased its position in 3D Systems by 5.4% in the fourth quarter. Deutsche Bank AG now owns 98,565 shares of the 3D printing company's stock worth $174,000 after purchasing an additional 5,093 shares during the period. NewEdge Advisors LLC raised its holdings in 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 last quarter. ProShare Advisors LLC lifted its position in 3D Systems by 11.8% during the 4th quarter. ProShare Advisors LLC now owns 56,675 shares of the 3D printing company's stock valued at $100,000 after purchasing an additional 5,970 shares during the period. Intech Investment Management LLC lifted its position in 3D Systems by 15.9% during the 4th quarter. Intech Investment Management LLC now owns 52,435 shares of the 3D printing company's stock valued at $93,000 after purchasing an additional 7,204 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company's stock valued at $28,000 after purchasing an additional 7,887 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company's stock.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company's hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.