3D Systems Corp. (DDD) Given “Hold” Rating at Pacific Crest
DDD has been the topic of several other research reports. Zacks Investment Research lowered 3D Systems Corp. from a hold rating to a strong sell rating in a research report on Monday, May 16th. Vetr raised 3D Systems Corp. from a strong sell rating to a hold rating and set a $12.40 price target on the stock in a research report on Tuesday, August 2nd. Needham & Company LLC reaffirmed a hold rating on shares of 3D Systems Corp. in a research report on Thursday, August 4th. Jefferies Group reaffirmed a hold rating and set a $15.00 price target on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Finally, Piper Jaffray Cos. lowered 3D Systems Corp. from a neutral rating to an underweight rating and cut their price target for the stock from $12.00 to $10.50 in a research report on Monday, July 18th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $14.13.
3D Systems Corp. (NYSE:DDD) opened at 15.82 on Tuesday. The stock’s 50 day moving average price is $14.96 and its 200 day moving average price is $14.32. The firm’s market capitalization is $1.78 billion. 3D Systems Corp. has a 52 week low of $6.00 and a 52 week high of $19.76.
3D Systems Corp. (NYSE:DDD) last issued its earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a positive return on equity of 1.55% and a negative net margin of 100.84%. The business had revenue of $158.10 million for the quarter, compared to analyst estimates of $161.01 million. During the same quarter last year, the company earned $0.03 EPS. The business’s quarterly revenue was down 7.3% on a year-over-year basis. On average, equities analysts expect that 3D Systems Corp. will post $0.39 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp purchased a new stake in 3D Systems Corp. during the first quarter worth approximately $387,000. M&T Bank Corp boosted its position in 3D Systems Corp. by 5.5% in the first quarter. M&T Bank Corp now owns 11,773 shares of the 3D printing company’s stock worth $182,000 after buying an additional 612 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in 3D Systems Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,046,563 shares of the 3D printing company’s stock worth $47,130,000 after buying an additional 7,977 shares during the period. BlackRock Fund Advisors boosted its position in 3D Systems Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 3,972,317 shares of the 3D printing company’s stock worth $61,452,000 after buying an additional 22,993 shares during the period. Finally, BlackRock Group LTD boosted its position in 3D Systems Corp. by 26.6% in the first quarter. BlackRock Group LTD now owns 65,784 shares of the 3D printing company’s stock worth $1,017,000 after buying an additional 13,842 shares during the period. Institutional investors own 50.16% of the company’s stock.
About 3D Systems Corp.
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.
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