3D Systems (NYSE:DDD) Stock Rating Cut to “Hold” at Craig Hallum

Craig Hallum lowered shares of 3D Systems (NYSE:DDD) from a buy rating to a hold rating in a report released on Friday morning, Marketbeat.com reports. Craig Hallum currently has $2.00 target price on the 3D printing company’s stock.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, 3D Systems currently has a consensus rating of “Hold” and an average price target of $3.50.

3D Systems Stock Performance

Shares of NYSE:DDD traded up $0.10 during mid-day trading on Friday, reaching $1.77. 5,627,129 shares of the company traded hands, compared to its average volume of 2,462,922. The company’s 50 day moving average price is $3.18 and its 200-day moving average price is $2.78. The firm has a market cap of $294.09 million, a PE ratio of -3.69 and a beta of 2.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 2.27. 3D Systems has a 52 week low of $1.64 and a 52 week high of $4.12.

3D Systems (NYSE:DDD) last released its earnings results on Wednesday, November 4th. The 3D printing company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%. The firm had revenue of $99.30 million for the quarter, compared to the consensus estimate of $97.28 million. On average, equities analysts expect that 3D Systems will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey Graves sold 115,500 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $3.26, for a total value of $376,530.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,241 shares in the company, valued at $4,284,425.66. This represents a 8.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On 3D Systems

Several institutional investors and hedge funds have recently modified their holdings of DDD. Alps Advisors Inc. bought a new position in shares of 3D Systems during the third quarter worth $784,000. AIGH Capital Management LLC increased its holdings in 3D Systems by 11.7% in the 3rd quarter. AIGH Capital Management LLC now owns 8,124,428 shares of the 3D printing company’s stock valued at $29,248,000 after acquiring an additional 853,428 shares during the last quarter. Simplicity Wealth LLC bought a new stake in 3D Systems in the 3rd quarter valued at $85,000. Inspire Investing LLC increased its holdings in 3D Systems by 229,329.9% in the 3rd quarter. Inspire Investing LLC now owns 176,661 shares of the 3D printing company’s stock valued at $636,000 after acquiring an additional 176,584 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in 3D Systems by 561.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 2,258,048 shares of the 3D printing company’s stock worth $8,129,000 after purchasing an additional 1,916,783 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.