3D Systems (NYSE:DDD) Stock Price Breaks Below 200 Day Moving Average - What's Next?

Key Points

• 3D Systems shares fell below their 200-day moving average, trading as low as $2.70 before closing at $2.78, below the $2.79 average. The stock’s 50-day average is higher at $3.28, indicating recent weakness.
• Analyst sentiment remains generally positive: three analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and a $5.50 average price target. Craig Hallum upgraded the stock to Buy with a $6.00 target.
• The company reported better-than-expected quarterly results, with a $0.04 loss per share versus the expected $0.06 loss and revenue of $94.6 million. However, profitability remained weak, with a negative 14.15% net margin, while CEO Jeffrey Graves sold 115,500 shares.

3D Systems Corporation (NYSE:DDD - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $2.79 and traded as low as $2.70. 3D Systems shares last traded at $2.78, with a volume of 2,250,954 shares trading hands.

Analysts Set New Price Targets

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

3D Systems Price Performance

The stock has a market cap of $461.90 million, a price-to-earnings ratio of -6.78 and a beta of 2.77. The stock has a fifty day simple moving average of $3.28 and a 200-day simple moving average of $2.79. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32.

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

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey Graves sold 115,500 shares of the stock in a transaction on Thursday, August 20th. The shares were 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 $4,284,425.66. This represents a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DDD. Simplicity Wealth LLC acquired a new position in shares of 3D Systems during the third quarter valued at about $85,000. Inspire Investing LLC grew its position in 3D Systems by 229,329.9% during the third quarter. Inspire Investing LLC now owns 176,661 shares of the 3D printing company's stock worth $636,000 after buying an additional 176,584 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in 3D Systems by 561.7% during the third quarter. Pinnacle Associates Ltd. now owns 2,258,048 shares of the 3D printing company's stock valued at $8,129,000 after acquiring an additional 1,916,783 shares during the period. CWA Asset Management Group LLC increased its stake in 3D Systems by 14.1% during the third quarter. CWA Asset Management Group LLC now owns 28,292 shares of the 3D printing company's stock valued at $102,000 after acquiring an additional 3,500 shares during the period. Finally, WINTON GROUP Ltd bought a new position in 3D Systems during the second quarter valued at about $56,000. Institutional investors own 64.49% of the company's stock.

About 3D Systems

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.

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