Cantor Fitzgerald Has Lowered Expectations for 3D Systems (NYSE:DDD) Stock Price

3D Systems (NYSE:DDD) had its price target reduced by Cantor Fitzgerald from $5.75 to $5.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the 3D printing company’s stock.

DDD has been the subject of several other research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Friday. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, March 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, 3D Systems currently has an average rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Down 1.6 %

DDD opened at $2.12 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $3.49 and its 200 day simple moving average is $3.23. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.00. The stock has a market cap of $286.84 million, a PE ratio of -0.53 and a beta of 1.63.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new stake in 3D Systems during the third quarter worth approximately $25,000. Murchinson Ltd. bought a new stake in shares of 3D Systems during the 3rd quarter valued at $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems during the 3rd quarter worth $31,000. Blue Trust Inc. increased its position in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares during the period. Finally, Cibc World Markets Corp acquired a new position in 3D Systems in the fourth quarter valued at about $39,000. 64.49% of the stock is owned by 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.