3D Systems Co. (NYSE:DDD) Receives $3.25 Consensus Target Price from Analysts

Shares of 3D Systems Co. (NYSE:DDD) have earned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $3.67.

A number of analysts have recently weighed in on DDD shares. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Friday. Finally, Cantor Fitzgerald lowered their price objective on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research report on Friday.

3D Systems Stock Down 0.7 %

3D Systems stock opened at $2.11 on Thursday. The business’s 50-day simple moving average is $3.47 and its two-hundred day simple moving average is $3.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The company has a market cap of $285.48 million, a PE ratio of -0.53 and a beta of 1.63. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.00.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDD. Two Sigma Advisers LP lifted its stake in shares of 3D Systems by 553.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock worth $4,712,000 after buying an additional 1,216,900 shares in the last quarter. Two Sigma Investments LP boosted its holdings 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 worth $4,894,000 after purchasing an additional 944,010 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of 3D Systems during the 4th quarter worth approximately $159,000. ProShare Advisors LLC grew its position in shares of 3D Systems by 41.8% in the fourth quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company’s stock valued at $176,000 after purchasing an additional 15,787 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 3D Systems by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 524,888 shares of the 3D printing company’s stock worth $1,722,000 after buying an additional 36,965 shares in the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.