Weiss Ratings Reaffirms "Sell (D-)" Rating for 3D Systems (NYSE:DDD)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for 3D Systems (NYSE: DDD) in a report released on Tuesday.
• The company's stock is trading down 5.9%, with a current price of $1.68 and a consensus target price of $3.67.
• Institutional investors hold 64.49% of 3D Systems' stock, indicating significant interest from hedge funds and other entities.

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "sell (d-)" rating reissued by investment analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

DDD has been the subject of a number of other reports. Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $3.67.

3D Systems Trading Down 5.9%

Shares of DDD opened at $1.68 on Tuesday. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The firm has a market cap of $228.49 million, a price-to-earnings ratio of -0.80 and a beta of 1.87. The firm has a 50 day moving average price of $1.67 and a 200-day moving average price of $2.43. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.96 and a current ratio of 2.79.

Hedge Funds Weigh In On 3D Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of 3D Systems in the first quarter worth $3,528,000. Icon Advisers Inc. Co. purchased a new position in 3D Systems in the fourth quarter worth about $5,248,000. Penn Capital Management Company LLC bought a new stake in shares of 3D Systems during the 4th quarter valued at about $5,214,000. Two Sigma Advisers LP grew its stake in shares of 3D Systems by 553.9% during the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company's stock valued at $4,712,000 after purchasing an additional 1,216,900 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of 3D Systems by 172.2% during the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock valued at $4,894,000 after purchasing an additional 944,010 shares during the last quarter. Institutional investors own 64.49% of the company's stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.

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