3D Systems (NYSE:DDD) Rating Lowered to Sell at StockNews.com

3D Systems (NYSE:DDD) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other research analysts have also recently weighed in on the company. Cantor Fitzgerald decreased their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Lake Street Capital dropped their target price on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Friday, August 30th. Finally, Loop Capital dropped their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Price Performance

Shares of NYSE:DDD opened at $2.19 on Tuesday. The firm’s 50 day moving average is $2.94 and its two-hundred day moving average is $3.55. 3D Systems has a 52 week low of $1.72 and a 52 week high of $6.85. The firm has a market capitalization of $292.22 million, a P/E ratio of -0.77 and a beta of 1.65. The company has a current ratio of 3.46, a quick ratio of 2.42 and a debt-to-equity ratio of 0.55.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, August 20th. The 3D printing company reported ($0.23) EPS for the quarter. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. The firm had revenue of $102.91 million during the quarter. Analysts anticipate that 3D Systems will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDD. Algert Global LLC acquired a new position in shares of 3D Systems in the 2nd quarter valued at about $41,000. Susquehanna Fundamental Investments LLC purchased a new position in 3D Systems during the second quarter valued at approximately $824,000. Deerfield Management Company L.P. Series C acquired a new position in 3D Systems in the 2nd quarter valued at approximately $77,000. Caxton Associates LP lifted its position in 3D Systems by 60.4% in the 2nd quarter. Caxton Associates LP now owns 145,784 shares of the 3D printing company’s stock worth $448,000 after buying an additional 54,877 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of 3D Systems by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 293,608 shares of the 3D printing company’s stock valued at $901,000 after buying an additional 16,710 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

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.