3D Systems Co. (NYSE:DDD – Get Rating) has received a consensus rating of "Hold" from the seven research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.50.
Separately, Credit Suisse Group assumed coverage on 3D Systems in a research report on Tuesday, August 16th. They issued an "underperform" rating and a $8.00 price objective for the company.
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In related news, EVP Andrew Martin Johnson sold 6,767 shares of 3D Systems stock in a transaction on Friday, September 9th. The shares were sold at an average price of $10.06, for a total value of $68,076.02. Following the completion of the sale, the executive vice president now owns 186,221 shares of the company's stock, valued at approximately $1,873,383.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.45% of the company's stock.
Institutional Investors Weigh In On 3D Systems
A number of hedge funds have recently made changes to their positions in DDD. Legal & General Group Plc increased its holdings in 3D Systems by 11.8% in the 2nd quarter. Legal & General Group Plc now owns 1,587,660 shares of the 3D printing company's stock worth $15,400,000 after acquiring an additional 167,687 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in 3D Systems by 74.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 495,762 shares of the 3D printing company's stock worth $4,809,000 after acquiring an additional 211,022 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in 3D Systems by 32.4% in the 2nd quarter. First Republic Investment Management Inc. now owns 20,684 shares of the 3D printing company's stock worth $201,000 after acquiring an additional 5,057 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in 3D Systems by 23.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 128,051 shares of the 3D printing company's stock worth $1,242,000 after acquiring an additional 24,070 shares during the last quarter. Finally, State Street Corp increased its holdings in 3D Systems by 5.5% in the 2nd quarter. State Street Corp now owns 4,920,204 shares of the 3D printing company's stock worth $47,726,000 after acquiring an additional 257,267 shares during the last quarter. 69.33% of the stock is currently owned by institutional investors.3D Systems Stock Down 1.6 %
Shares of 3D Systems stock opened at $9.03 on Friday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 4.96 and a beta of 1.42. The company has a quick ratio of 4.86, a current ratio of 5.52 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $11.85. 3D Systems has a 12-month low of $8.78 and a 12-month high of $34.97.
3D Systems (NYSE:DDD – Get Rating) last posted its quarterly earnings data on Monday, August 8th. The 3D printing company reported ($0.07) earnings per share for the quarter. 3D Systems had a net margin of 39.08% and a negative return on equity of 6.43%. The business had revenue of $140.00 million during the quarter, compared to the consensus estimate of $145.48 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The firm's revenue was down 13.9% compared to the same quarter last year. Equities analysts expect that 3D Systems will post -0.58 earnings per share for the current year.
About 3D Systems
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3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, 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.
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