3D Systems (NYSE:DDD) Shares Gap Up on Insider Buying Activity

Shares of 3D Systems Co. (NYSE:DDD) gapped up prior to trading on Thursday after an insider bought additional shares in the company. The stock had previously closed at $3.58, but opened at $3.90. 3D Systems shares last traded at $3.75, with a volume of 556,249 shares changing hands.

Specifically, CEO Jeffrey A. Graves purchased 60,000 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Cantor Fitzgerald cut their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Loop Capital decreased 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. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Lake Street Capital decreased their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, 3D Systems currently has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Stock Down 1.4 %

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 market capitalization of $474.67 million, a PE ratio of -0.88 and a beta of 1.64. The business has a fifty day moving average of $3.20 and a 200 day moving average of $3.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC lifted its holdings in 3D Systems by 6.4% during the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock worth $149,000 after buying an additional 3,166 shares in the last quarter. Inspire Investing LLC raised its stake in shares of 3D Systems by 33.7% in the third quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock valued at $43,000 after acquiring an additional 3,818 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in 3D Systems by 14.4% in the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock valued at $133,000 after purchasing an additional 5,884 shares during the period. Impact Partnership Wealth LLC boosted its holdings in 3D Systems by 49.4% in the third quarter. Impact Partnership Wealth LLC now owns 21,157 shares of the 3D printing company’s stock valued at $60,000 after purchasing an additional 6,992 shares during the period. Finally, SG Americas Securities LLC grew its stake in 3D Systems by 23.8% during the 3rd quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock worth $130,000 after purchasing an additional 8,769 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

About 3D Systems

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.