3D Systems Co. (NYSE:DDD – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $3.96, but opened at $3.84. 3D Systems shares last traded at $3.88, with a volume of 265,182 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Cantor Fitzgerald lowered their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Lake Street Capital dropped their price objective on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Loop Capital decreased 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.25.
3D Systems Trading Down 5.8 %
Insider Transactions at 3D Systems
In other news, CEO Jeffrey A. Graves bought 60,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the sale, the executive vice president now owns 331,955 shares in the company, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.
Hedge Funds Weigh In On 3D Systems
A number of hedge funds have recently modified their holdings of the business. Weiss Asset Management LP bought a new stake in 3D Systems in the third quarter valued at approximately $1,143,000. XTX Topco Ltd boosted its stake in shares of 3D Systems by 1,844.0% in the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after purchasing an additional 341,308 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of 3D Systems during the second quarter worth $824,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of 3D Systems by 85.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after buying an additional 403,175 shares during the period. Finally, Silverberg Bernstein Capital Management LLC raised its stake in 3D Systems by 32.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after buying an additional 302,484 shares during the last quarter. 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.
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