3D Systems Co. (NYSE:DDD) Given Average Rating of “Hold” by Brokerages

3D Systems Co. (NYSE:DDD) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $3.25.

DDD has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Craig Hallum raised 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, February 1st.

Insider Buying and Selling at 3D Systems

In other news, CEO Jeffrey A. Graves purchased 60,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the sale, the executive vice president now owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 3D Systems

Several large investors have recently modified their holdings of DDD. Point72 DIFC Ltd purchased a new stake in 3D Systems during the third quarter worth $25,000. Murchinson Ltd. bought a new stake in 3D Systems during the third quarter valued at about $28,000. HighTower Advisors LLC bought a new stake in 3D Systems during the third quarter valued at about $31,000. Blue Trust Inc. boosted its position in 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in 3D Systems during the third quarter valued at about $36,000. Institutional investors own 64.49% of the company’s stock.

3D Systems Stock Down 0.6 %

Shares of NYSE DDD opened at $4.38 on Wednesday. The stock has a market capitalization of $593.34 million, a price-to-earnings ratio of -1.10 and a beta of 1.63. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.75. The firm’s 50-day moving average price is $3.54 and its 200-day moving average price is $3.07. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. On average, equities research analysts anticipate that 3D Systems will post -0.73 EPS for the current fiscal year.

About 3D Systems

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.