3D Systems (NYSE:DDD) Shares Gap Down – Should You Sell?

3D Systems Co. (NYSE:DDD)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $3.96, but opened at $3.84. 3D Systems shares last traded at $3.88, with a volume of 265,182 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Craig Hallum raised 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Lake Street Capital dropped their target price on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald decreased their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Price Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The business’s fifty day moving average price is $3.19 and its 200-day moving average price is $3.08. The stock has a market capitalization of $485.52 million, a price-to-earnings ratio of -0.90 and a beta of 1.64.

Insider Buying and Selling at 3D Systems

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

Institutional Investors Weigh In On 3D Systems

Institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in 3D Systems in the 3rd quarter worth approximately $25,000. Murchinson Ltd. bought a new position in shares of 3D Systems during the third quarter valued at approximately $28,000. HighTower Advisors LLC purchased a new stake in 3D Systems in the third quarter worth $31,000. Inspire Investing LLC bought a new stake in 3D Systems in the second quarter valued at $35,000. Finally, Ballentine Partners LLC purchased a new position in 3D Systems during the 3rd quarter valued at $36,000. 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.