3D Systems Co. (NYSE:DDD) Given Consensus Recommendation of “Hold” by Analysts

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

A number of analysts have recently weighed in on DDD shares. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Wednesday. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th.

Insider Activity at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors have recently bought and sold shares of DDD. Point72 DIFC Ltd purchased a new stake in 3D Systems during the third quarter valued at about $25,000. Murchinson Ltd. acquired a new stake in shares of 3D Systems during the third quarter valued at approximately $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems during the third quarter valued at approximately $31,000. Inspire Investing LLC purchased a new stake in shares of 3D Systems in the 2nd quarter valued at approximately $35,000. Finally, Ballentine Partners LLC acquired a new position in 3D Systems in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Stock Down 0.8 %

Shares of NYSE DDD opened at $3.09 on Friday. The firm’s 50-day simple moving average is $3.27 and its 200 day simple moving average is $3.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.75.

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.