3D Systems Co. (NYSE:DDD) Receives $9.33 Average Target Price from Analysts

Shares of 3D Systems Co. (NYSE:DDD) have received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $9.33.

Several equities research analysts have recently issued reports on DDD shares. Cfra lowered their price objective on shares of 3D Systems from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Piper Sandler lowered their price objective on shares of 3D Systems from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. B. Riley restated a “neutral” rating on shares of 3D Systems in a research note on Thursday, July 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Thursday, May 7th.

DDD stock remained flat at $$6.59 during midday trading on Tuesday. The company’s stock had a trading volume of 1,685,950 shares, compared to its average volume of 1,485,539. 3D Systems has a one year low of $5.20 and a one year high of $12.56. The company has a quick ratio of 1.53, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $6.85 and its 200 day simple moving average is $8.29. The company has a market cap of $788.88 million, a PE ratio of -11.56 and a beta of 1.58.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Wednesday, May 6th. The 3D printing company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07. 3D Systems had a negative return on equity of 8.77% and a negative net margin of 10.53%. The company had revenue of $134.70 million for the quarter, compared to the consensus estimate of $137.96 million. During the same quarter last year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. Research analysts anticipate that 3D Systems will post -0.42 earnings per share for the current fiscal year.

In other 3D Systems news, EVP Andrew Martin Johnson sold 4,000 shares of 3D Systems stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $8.00, for a total transaction of $32,000.00. Following the completion of the transaction, the executive vice president now directly owns 226,691 shares of the company’s stock, valued at $1,813,528. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Company LLC bought a new position in shares of 3D Systems during the 1st quarter valued at about $37,000. Canada Pension Plan Investment Board bought a new position in shares of 3D Systems during the 1st quarter valued at about $40,000. Radnor Capital Management LLC bought a new position in shares of 3D Systems during the 1st quarter valued at about $77,000. Strategic Wealth Designers bought a new stake in 3D Systems in the 1st quarter valued at approximately $81,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 3D Systems by 26.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,485 shares of the 3D printing company’s stock valued at $81,000 after acquiring an additional 2,186 shares in the last quarter. 69.74% of the stock is owned by institutional investors.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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Analyst Recommendations for 3D Systems (NYSE:DDD)

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