3D Systems (NYSE:DDD) Stock Price Down 4.9% – What’s Next?

3D Systems Co. (NYSE:DDD) shares traded down 4.9% during trading on Friday . The company traded as low as $4.34 and last traded at $4.45. 725,169 shares traded hands during trading, a decline of 76% from the average session volume of 3,001,547 shares. The stock had previously closed at $4.68.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DDD. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, February 1st. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, 3D Systems has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Performance

The firm has a market capitalization of $582.49 million, a PE ratio of -1.08 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a 50-day moving average price of $3.44 and a 200-day moving average price of $3.07.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. On average, research analysts expect that 3D Systems Co. will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in 3D Systems during the 4th quarter worth $318,000. Charles Schwab Investment Management Inc. grew its position in shares of 3D Systems by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock worth $3,913,000 after acquiring an additional 178,102 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of 3D Systems during the fourth quarter worth about $87,000. ARK Investment Management LLC increased its holdings in shares of 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock worth $14,478,000 after acquiring an additional 535,287 shares during the period. Finally, New York State Common Retirement Fund lifted its position in 3D Systems by 496.9% in the 4th quarter. New York State Common Retirement Fund now owns 21,502 shares of the 3D printing company’s stock valued at $71,000 after purchasing an additional 17,900 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

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.