Needham & Company LLC restated their hold rating on shares of 3D Systems Corp. (NYSE:DDD) in a research note issued to investors on Tuesday.

A number of other research analysts also recently issued reports on DDD. Zacks Investment Research downgraded shares of 3D Systems Corp. from a hold rating to a strong sell rating in a research report on Monday, May 16th. FBR & Co initiated coverage on shares of 3D Systems Corp. in a research report on Tuesday, May 24th. They issued a market perform rating and a $14.50 price objective on the stock. Pacific Crest reiterated an equal weight rating on shares of 3D Systems Corp. in a research report on Sunday, June 5th. Bank of America Corp. reiterated a buy rating on shares of 3D Systems Corp. in a research report on Wednesday, June 8th. Finally, Vetr downgraded shares of 3D Systems Corp. from a strong-buy rating to a buy rating and set a $13.73 price objective on the stock. in a research report on Wednesday, June 15th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $14.13.

3D Systems Corp. (NYSE:DDD) opened at 15.82 on Tuesday. 3D Systems Corp. has a 12 month low of $6.00 and a 12 month high of $19.76. The firm’s market capitalization is $1.78 billion. The firm’s 50-day moving average is $14.96 and its 200 day moving average is $14.32.

3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a negative net margin of 100.84% and a positive return on equity of 1.55%. The company had revenue of $158.10 million for the quarter, compared to the consensus estimate of $161.01 million. During the same period last year, the firm posted $0.03 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities analysts predict that 3D Systems Corp. will post $0.39 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDD. M&T Bank Corp increased 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 valued at $182,000 after buying an additional 612 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in 3D Systems Corp. during the second quarter valued at $172,000. Teacher Retirement System of Texas increased its position in 3D Systems Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 14,771 shares of the 3D printing company’s stock valued at $202,000 after buying an additional 1,805 shares during the period. Thrivent Financial for Lutherans increased its position in 3D Systems Corp. by 14.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,070 shares of the 3D printing company’s stock valued at $206,000 after buying an additional 1,910 shares during the period. Finally, Legal & General Group Plc increased its position in 3D Systems Corp. by 62.7% in the first quarter. Legal & General Group Plc now owns 15,556 shares of the 3D printing company’s stock valued at $240,000 after buying an additional 5,994 shares during the period. 50.16% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Corp. Company Profile

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.

5 Day Chart for NYSE:DDD

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