3D Systems (NYSE:DDD) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of 3D Systems (NYSE:DDD) in a research note issued to investors on Friday morning,Benzinga reports.

A number of other equities analysts also recently weighed in on DDD. Cantor Fitzgerald cut their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Lake Street Capital reduced their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Loop Capital reduced their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, 3D Systems presently has an average rating of “Hold” and an average target price of $3.25.

3D Systems Stock Performance

Shares of 3D Systems stock traded up $0.13 on Friday, reaching $2.97. 2,214,103 shares of the stock were exchanged, compared to its average volume of 2,228,672. 3D Systems has a 1-year low of $1.72 and a 1-year high of $6.85. The company has a current ratio of 3.46, a quick ratio of 2.42 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average price of $2.89 and a two-hundred day moving average price of $3.15. The firm has a market capitalization of $396.70 million, a PE ratio of -1.09 and a beta of 1.65.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The business had revenue of $113.25 million during the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. As a group, research analysts anticipate that 3D Systems will post -0.67 earnings per share for the current fiscal year.

Institutional Trading of 3D Systems

A number of hedge funds have recently modified their holdings of DDD. Vanguard Group Inc. raised its holdings in shares of 3D Systems by 0.7% during the first quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after acquiring an additional 98,797 shares during the period. Tidal Investments LLC bought a new stake in shares of 3D Systems in the first quarter valued at approximately $271,000. Gabelli Funds LLC increased its holdings in 3D Systems by 53.6% in the 1st quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company’s stock valued at $273,000 after buying an additional 21,435 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of 3D Systems during the 2nd quarter worth approximately $824,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after purchasing an additional 403,175 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors and hedge funds.

About 3D Systems

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.