Loop Capital Markets analyst Ananda Baruah maintained a Hold rating on 3D Systems (DDD – Research Report) today and set a price target of $6.50. The company’s shares closed last Friday at $6.47.
Baruah covers the Technology sector, focusing on stocks such as Super Micro Computer, Apple, and Mobileye Global, Inc. Class A. According to TipRanks, Baruah has an average return of 6.4% and a 53.57% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for 3D Systems with a $6.83 average price target, which is a 5.56% upside from current levels. In a report released on August 10, Craig-Hallum also maintained a Hold rating on the stock with a $8.00 price target.
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Based on 3D Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $89.17 million and a GAAP net loss of $28.9 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 cuts FY23 revenue view to $525M-$545M from $545M-$575M
- 3D Systems reports Q2 adjusted EPS (7c), consensus (5c)
- 3D Systems and biopharmaTheradaptive in 3D printing pact
- 3D Systems & Theradaptive Establish Commercial Partnership to Advance Orthopedic & Soft Tissue Repair Using Breakthrough Regenerative Therapeutics
