3D Systems (NYSE:DDD) Earns Sell (D-) Rating from Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a report released on Friday morning,Weiss Ratings reports.

DDD has been the subject of several other research reports. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Trading Down 2.8 %

Shares of DDD opened at $2.95 on Friday. The stock has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $3.19. 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 52-week low of $1.72 and a 52-week high of $5.25. The company has a market cap of $399.40 million, a price-to-earnings ratio of -0.74 and a beta of 1.63.

Insider Transactions at 3D Systems

In related news, CEO Jeffrey A. Graves acquired 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value 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 $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 currently owned by corporate insiders.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC increased 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 during the last quarter. Exchange Traded Concepts LLC increased its holdings in 3D Systems by 2.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock valued at $10,506,000 after purchasing an additional 68,530 shares during the last quarter. Geode Capital Management LLC increased its holdings in 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after purchasing an additional 38,431 shares during the last quarter. Icon Advisers Inc. Co. bought a new stake in 3D Systems in the fourth quarter valued at about $5,248,000. Finally, Penn Capital Management Company LLC acquired a new position in 3D Systems in the fourth quarter valued at about $5,214,000. Institutional investors own 64.49% of the company’s stock.

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.