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

3D Systems Co. (NYSE:DDD) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $3.25.

DDD has been the topic of a number of research reports. Lake Street Capital dropped their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Loop Capital reduced their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Thursday, December 12th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th.

Hedge Funds Weigh In On 3D Systems

A number of large investors have recently modified their holdings of DDD. Point72 DIFC Ltd bought a new position in 3D Systems in the 3rd quarter valued at about $25,000. Murchinson Ltd. acquired a new stake in shares of 3D Systems during the 3rd quarter worth approximately $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems during the 3rd quarter worth approximately $31,000. Inspire Investing LLC acquired a new stake in shares of 3D Systems during the 2nd quarter worth approximately $35,000. Finally, Ballentine Partners LLC acquired a new stake in 3D Systems in the third quarter valued at approximately $36,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Stock Performance

DDD opened at $3.96 on Tuesday. 3D Systems has a 1-year low of $1.72 and a 1-year high of $6.85. The business has a 50 day moving average price of $3.16 and a two-hundred day moving average price of $3.08. The company has a market capitalization of $537.06 million, a price-to-earnings ratio of -0.99 and a beta of 1.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

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.