Creative Planning Invests $43,000 in 3D Systems Co. (NYSE:DDD)

Creative Planning bought a new position in shares of 3D Systems Co. (NYSE:DDD) in the 3rd quarter, Holdings Channel reports. The fund bought 14,974 shares of the 3D printing company’s stock, valued at approximately $43,000.

Several other large investors have also added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in shares of 3D Systems during the first quarter valued at approximately $226,000. SG Americas Securities LLC purchased a new position in shares of 3D Systems in the first quarter valued at $234,000. Vanguard Group Inc. grew its position in 3D Systems by 0.7% during the first quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after buying an additional 98,797 shares in the last quarter. Gabelli Funds LLC grew its position in 3D Systems by 53.6% during the first quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company’s stock worth $273,000 after buying an additional 21,435 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 3D Systems by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,215 shares of the 3D printing company’s stock worth $516,000 after purchasing an additional 16,621 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Friday, August 30th. Loop Capital decreased their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald cut their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Lake Street Capital cut their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, StockNews.com cut 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Price Performance

Shares of 3D Systems stock opened at $3.43 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.42 and a current ratio of 3.46. 3D Systems Co. has a one year low of $1.72 and a one year high of $6.85. The stock’s fifty day moving average is $2.85 and its 200 day moving average is $3.16. The stock has a market cap of $458.15 million, a P/E ratio of -1.26 and a beta of 1.65.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The firm had revenue of $113.25 million during the quarter, compared to the consensus estimate of $125.15 million. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. Sell-side analysts anticipate that 3D Systems Co. will post -0.67 earnings per share for the current year.

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.