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

Shares of 3D Systems Co. (NYSE:DDD) have earned an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $3.25.

A number of research analysts have weighed in on the stock. Lake Street Capital decreased their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Loop Capital lowered their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Thursday, December 12th. Finally, StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th.

3D Systems Price Performance

NYSE:DDD opened at $3.36 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. The company has a 50 day moving average price of $3.22 and a 200-day moving average price of $3.07. 3D Systems has a 1-year low of $1.72 and a 1-year high of $6.85. The firm has a market cap of $455.68 million, a price-to-earnings ratio of -0.84 and a beta of 1.64.

Insider Activity

In other news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now 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 position. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently made changes to their positions in DDD. Point72 DIFC Ltd purchased a new stake in 3D Systems in the 3rd quarter valued at $25,000. Murchinson Ltd. acquired a new position in shares of 3D Systems during the 3rd quarter valued at about $28,000. HighTower Advisors LLC purchased a new stake in shares of 3D Systems in the third quarter valued at about $31,000. Inspire Investing LLC acquired a new stake in 3D Systems during the second quarter worth about $35,000. Finally, Ballentine Partners LLC purchased a new position in 3D Systems during the third quarter worth about $36,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

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.