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

3D Systems Co. (NYSE:DDD) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $3.25.

A number of equities analysts recently weighed in on DDD shares. Loop Capital dropped their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Thursday, December 12th. Cantor Fitzgerald cut their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research report on Friday, August 30th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Lake Street Capital dropped their price target on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th.

Insiders Place Their Bets

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the business’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 transaction, the executive vice president now owns 331,955 shares in the company, valued at $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey A. Graves bought 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of $3.85 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently added to or reduced their stakes in the company. Weiss Asset Management LP bought a new stake in 3D Systems in the third quarter worth about $1,143,000. XTX Topco Ltd raised its holdings in shares of 3D Systems by 1,844.0% in the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after buying an additional 341,308 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of 3D Systems during the 2nd quarter worth approximately $824,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in 3D Systems by 85.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after acquiring an additional 403,175 shares during the period. Finally, Silverberg Bernstein Capital Management LLC grew its position in 3D Systems by 32.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock valued at $3,475,000 after acquiring an additional 302,484 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

3D Systems Trading Down 0.8 %

DDD stock opened at $3.55 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems has a 1-year low of $1.72 and a 1-year high of $6.85. The business has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $3.09. The company has a market capitalization of $481.45 million, a price-to-earnings ratio of -0.89 and a beta of 1.64.

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.