In a report released yesterday, Shannon Cross from Credit Suisse maintained a Sell rating on 3D Systems (DDD – Research Report), with a price target of $6.00. The company’s shares closed yesterday at $7.40.
According to TipRanks, Cross is a 5-star analyst with an average return of 16.1% and a 78.31% success rate. Cross covers the Technology sector, focusing on stocks such as Apple, Flex, and International Business Machines.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for 3D Systems with a $7.50 average price target.
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Based on 3D Systems’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $84.39 million and a GAAP net loss of $29.53 million. In comparison, last year the company earned a revenue of $103.77 million and had a GAAP net loss of $32.96 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DDD in relation to earlier this year.
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3D Systems Corp. is a holding company, which engages in the provision of comprehensive three dimensional printing solutions. It includes three dimensional printers, materials, software, on demand manufacturing services, and digital design tools. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.
Read More on DDD:
- 3D Systems Reports Second Quarter 2023 Financial Results
- 3D Systems and biopharmaTheradaptive in 3D printing pact
- 3D Systems & Theradaptive Establish Commercial Partnership to Advance Orthopedic & Soft Tissue Repair Using Breakthrough Regenerative Therapeutics
- 3D Systems Corp (DDD) Q2 Earnings Cheat Sheet
- 3D Systems Announces Date of Second Quarter 2023 Financial Results
