Analysts Set 3D Systems Corporation (NYSE:DDD) Target Price at $5.50

3D Systems Corporation (NYSE:DDD) has earned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.50.

Several brokerages recently commented on DDD. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a report on Wednesday, May 13th. Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings downgraded 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th.

Institutional Trading of 3D Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDD. J. Derek Lewis & Associates Inc. bought a new stake in shares of 3D Systems in the fourth quarter valued at approximately $27,000. Prudential Financial Inc. grew its stake in shares of 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 7,887 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares during the period. CIBC Asset Management Inc bought a new position in shares of 3D Systems during the 4th quarter worth about $36,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of 3D Systems during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Down 0.5%

Shares of DDD stock opened at $3.67 on Tuesday. The stock’s 50 day simple moving average is $3.02 and its 200 day simple moving average is $2.58. 3D Systems has a twelve month low of $1.70 and a twelve month high of $4.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.27 and a current ratio of 3.40. The company has a market capitalization of $609.77 million, a price-to-earnings ratio of -8.95 and a beta of 2.73.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%.The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.01 million. As a group, research analysts predict that 3D Systems will post -0.33 EPS for the current year.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.