3D Systems’ (DDD) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of 3D Systems (NYSE:DDD) in a research report sent to investors on Friday morning,Benzinga reports.

Several other equities analysts have also weighed in on the stock. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Lake Street Capital reduced their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Loop Capital lowered their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald cut their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, 3D Systems has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Price Performance

Shares of NYSE:DDD opened at $2.97 on Friday. The firm has a market cap of $402.79 million, a price-to-earnings ratio of -0.75 and a beta of 1.65. 3D Systems has a 1 year low of $1.72 and a 1 year high of $6.85. The company has a current ratio of 3.31, a quick ratio of 2.42 and a debt-to-equity ratio of 0.97. The business has a fifty day simple moving average of $3.04 and a 200 day simple moving average of $3.11.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The firm had revenue of $113.25 million for the quarter, compared to analysts’ expectations of $125.15 million. 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, sell-side analysts predict that 3D Systems will post -0.67 earnings per share for the current fiscal year.

Institutional Trading of 3D Systems

Several large investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in 3D Systems in the 3rd quarter worth $25,000. Murchinson Ltd. bought a new position in shares of 3D Systems in the third quarter worth about $28,000. HighTower Advisors LLC acquired a new position in shares of 3D Systems during the 3rd quarter worth about $31,000. Inspire Investing LLC bought a new stake in 3D Systems during the 2nd quarter valued at approximately $35,000. Finally, Ballentine Partners LLC acquired a new stake in 3D Systems in the 3rd quarter valued at approximately $36,000. 64.49% of the stock is owned by institutional investors.

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.