3D Systems Co. (NYSE:DDD) Receives $3.25 Average Target Price from Analysts

3D Systems Co. (NYSE:DDD) has received an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $3.67.

DDD has been the topic of a number of recent research reports. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Cantor Fitzgerald decreased their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Friday.

Institutional Investors Weigh In On 3D Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new stake in shares of 3D Systems in the third quarter valued at $25,000. Murchinson Ltd. acquired a new stake in shares of 3D Systems during the 3rd quarter worth about $28,000. HighTower Advisors LLC purchased a new position in shares of 3D Systems during the third quarter worth about $31,000. Blue Trust Inc. grew its stake in 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after buying an additional 8,050 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in 3D Systems in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Trading Down 1.6 %

Shares of DDD opened at $2.12 on Thursday. The company has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.00. 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’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $3.23.

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.