3D Systems (NYSE:DDD) Receives “Sell (D-)” Rating from Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a research note published on Friday morning,Weiss Ratings reports.

A number of other research analysts have also recently weighed in on the company. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Finally, StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Down 2.8 %

DDD stock opened at $2.95 on Friday. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.25. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The stock has a market cap of $399.40 million, a P/E ratio of -0.74 and a beta of 1.63. The business’s 50-day moving average price is $3.68 and its 200-day moving average price is $3.20.

Insider Buying and Selling

In other news, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This represents a 25.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Graves bought 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On 3D Systems

Several institutional investors have recently bought and sold shares of DDD. Point72 DIFC Ltd bought a new position in 3D Systems during the third quarter valued at $25,000. Murchinson Ltd. bought a new position in 3D Systems during the third quarter valued at $28,000. HighTower Advisors LLC bought a new position in 3D Systems during the third quarter valued at $31,000. Blue Trust Inc. raised its stake in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after acquiring an additional 8,050 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of 3D Systems in the fourth quarter valued at $39,000. Institutional investors 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.