3D Systems Co. (NYSE:DDD) Receives $3.67 Consensus Target Price from Analysts

Shares of 3D Systems Co. (NYSE:DDD) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.67.

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, May 10th. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 14th. Finally, Cantor Fitzgerald dropped their price objective on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th.

Institutional Investors Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ARK Investment Management LLC boosted its holdings in 3D Systems by 13.8% in the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after purchasing an additional 535,287 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of 3D Systems by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock valued at $10,506,000 after buying an additional 68,530 shares in the last quarter. Nuveen LLC purchased a new position in shares of 3D Systems in the 1st quarter valued at $3,528,000. Icon Advisers Inc. Co. purchased a new position in shares of 3D Systems in the 4th quarter valued at $5,248,000. Finally, Penn Capital Management Company LLC acquired a new stake in 3D Systems during the 4th quarter worth $5,214,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Up 0.9%

3D Systems stock opened at $1.63 on Friday. The firm has a market capitalization of $221.67 million, a P/E ratio of -0.41 and a beta of 1.94. 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 has a twelve month low of $1.60 and a twelve month high of $5.00. The stock’s fifty day simple moving average is $2.05 and its 200-day simple moving average is $2.97.

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.