Lake Street Capital Cuts 3D Systems (NYSE:DDD) Price Target to $4.00

3D Systems (NYSE:DDD) had its price target trimmed by Lake Street Capital from $6.00 to $4.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the 3D printing company’s stock.

Other research analysts have also issued reports about the company. Needham & Company LLC reissued a hold rating on shares of 3D Systems in a report on Friday, August 30th. Cantor Fitzgerald cut their price objective on 3D Systems from $5.50 to $3.75 and set an overweight rating on the stock in a report on Friday, August 30th. Finally, StockNews.com raised 3D Systems from a sell rating to a hold rating in a report on Monday, September 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems presently has a consensus rating of Hold and a consensus target price of $3.25.

3D Systems Trading Down 3.6 %

Shares of NYSE:DDD opened at $1.88 on Thursday. The business’s 50-day moving average is $3.00 and its 200 day moving average is $3.61. 3D Systems has a 1 year low of $1.85 and a 1 year high of $6.85. The firm has a market capitalization of $250.86 million, a P/E ratio of -0.66 and a beta of 1.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.46 and a quick ratio of 2.47.

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

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in 3D Systems by 5,994.9% during the fourth quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after purchasing an additional 4,676 shares in the last quarter. Victory Capital Management Inc. boosted its position in 3D Systems by 16.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock worth $165,000 after purchasing an additional 3,652 shares in the last quarter. Private Advisor Group LLC purchased a new position in 3D Systems during the fourth quarter worth approximately $79,000. Charles Schwab Investment Management Inc. boosted its position in 3D Systems by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,130,655 shares of the 3D printing company’s stock worth $7,180,000 after purchasing an additional 92,167 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in 3D Systems by 471.7% during the fourth quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company’s stock worth $31,000 after purchasing an additional 3,991 shares in the last quarter. 64.49% of the stock is 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.