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

3D Systems (NYSE:DDD)‘s stock had its “hold” rating reaffirmed by analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports.

Several other research analysts have also recently issued reports on DDD. Cantor Fitzgerald dropped their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Loop Capital decreased their price target 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. Lake Street Capital cut their price objective on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.25.

3D Systems Stock Performance

NYSE:DDD opened at $3.97 on Thursday. 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 company has a 50-day moving average of $3.14 and a 200-day moving average of $3.08. 3D Systems has a twelve month low of $1.72 and a twelve month high of $6.85. The firm has a market cap of $537.73 million, a price-to-earnings ratio of -1.00 and a beta of 1.64.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors have recently bought and sold shares of DDD. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of 3D Systems by 85.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after purchasing an additional 403,175 shares during the period. ARK Investment Management LLC grew its holdings in shares of 3D Systems by 6.4% during the 2nd quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock valued at $9,454,000 after acquiring an additional 185,347 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of 3D Systems during the second quarter worth $38,000. Wealth Effects LLC boosted its position in 3D Systems by 54.0% during the second quarter. Wealth Effects LLC now owns 227,900 shares of the 3D printing company’s stock valued at $700,000 after purchasing an additional 79,870 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in 3D Systems during the second quarter valued at $37,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

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.