3D Systems (NYSE:DDD) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a research note released on Thursday.

Several other brokerages also recently weighed in on DDD. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Friday, November 15th. Cantor Fitzgerald reduced their price objective on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research report on Friday, August 30th. Lake Street Capital reduced their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Loop Capital reduced their price objective on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Down 13.5 %

Shares of 3D Systems stock opened at $2.95 on Thursday. 3D Systems has a 52-week low of $1.72 and a 52-week high of $6.85. The company has a 50 day moving average of $3.03 and a 200 day moving average of $3.12. The company has a quick ratio of 2.42, a current ratio of 3.46 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $394.03 million, a P/E ratio of -1.08 and a beta of 1.65.

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

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new position in shares of 3D Systems in the 3rd quarter valued at $25,000. Murchinson Ltd. acquired a new position in 3D Systems in the 3rd quarter valued at $28,000. HighTower Advisors LLC acquired a new position in 3D Systems in the 3rd quarter valued at $31,000. Inspire Investing LLC acquired a new position in 3D Systems in the 2nd quarter valued at $35,000. Finally, Foundations Investment Advisors LLC acquired a new position in 3D Systems in the 2nd quarter valued at $37,000. 64.49% of the stock is owned by institutional investors and hedge funds.

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.