3D Systems Co. (NYSE:DDD) Receives Consensus Rating of “Hold” from Brokerages

3D Systems Co. (NYSE:DDD) has earned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $3.25.

Several equities analysts recently weighed in on the stock. Craig Hallum upgraded shares of 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, November 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Thursday, December 12th.

3D Systems Trading Down 1.2 %

Shares of DDD stock opened at $3.28 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.75. The firm’s 50 day moving average price is $3.31 and its two-hundred day moving average price is $3.05. The stock has a market cap of $444.83 million, a price-to-earnings ratio of -0.82 and a beta of 1.61.

Insiders Place Their Bets

In related news, CEO Jeffrey A. Graves purchased 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of 3D Systems during the third quarter worth $25,000. Murchinson Ltd. acquired a new stake in 3D Systems during the third quarter worth about $28,000. HighTower Advisors LLC acquired a new stake in 3D Systems during the third quarter worth about $31,000. Inspire Investing LLC bought a new position in 3D Systems in the second quarter worth about $35,000. Finally, Ballentine Partners LLC acquired a new position in 3D Systems in the third quarter valued at approximately $36,000. 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.