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

Key Points

• 3D Systems shares moved above their 200-day moving average, reaching $3.45 before closing at $3.28, compared with the $2.69 long-term average.
• Analyst sentiment is mixed: Craig Hallum upgraded the stock to Buy with a $6 target, while Weiss Ratings maintained a Sell view; overall, analysts rate DDD “Hold” with an average $5.50 target.
• The company beat quarterly EPS and revenue expectations, but remains unprofitable, while CEO Jeffrey A. Graves sold 115,500 shares worth approximately $376,530.

3D Systems Corporation (NYSE:DDD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.69 and traded as high as $3.45. 3D Systems shares last traded at $3.28, with a volume of 1,533,489 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DDD shares. Craig Hallum upgraded shares of 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 price target for the company in a report on Tuesday, August 4th. Weiss Ratings downgraded shares of 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $5.00 target price on shares of 3D Systems in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.50.

3D Systems Stock Down 4.4%

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 firm has a 50 day moving average price of $3.08 and a 200-day moving average price of $2.69. The firm has a market cap of $544.97 million, a price-to-earnings ratio of -8.00 and a beta of 2.73.

3D Systems (NYSE:DDD - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. The firm had revenue of $94.60 million for 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%. On average, equities analysts forecast that 3D Systems Corporation will post -0.23 EPS for the current year.

Insider Activity at 3D Systems

In other news, CEO Jeffrey A. Graves sold 115,500 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,314,241 shares in the company, valued at $4,284,425.66. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 3D Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC increased its position in 3D Systems by 217.7% during the second quarter. Headlands Technologies LLC now owns 47,786 shares of the 3D printing company's stock worth $144,000 after buying an additional 32,744 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of 3D Systems in the second quarter worth $1,221,000. Pacer Advisors Inc. lifted its position in shares of 3D Systems by 96.7% in the first quarter. Pacer Advisors Inc. now owns 83,574 shares of the 3D printing company's stock valued at $157,000 after acquiring an additional 41,096 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 3D Systems by 16.2% in the first quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company's stock valued at $2,180,000 after acquiring an additional 161,643 shares in the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of 3D Systems during the first quarter valued at $86,000. Hedge funds and other institutional investors own 64.49% of the company's stock.

About 3D Systems

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source