3D Systems Corporation (DDD) Downgraded by ValuEngine to Sell
ValuEngine lowered shares of 3D Systems Corporation (NYSE:DDD) from a hold rating to a sell rating in a research report report published on Thursday morning.
A number of other analysts also recently commented on the stock. Citigroup Inc. dropped their target price on shares of 3D Systems Corporation from $13.00 to $8.50 and set a sell rating on the stock in a report on Thursday. Canaccord Genuity reissued a neutral rating on shares of 3D Systems Corporation in a research report on Wednesday. FBR & Co downgraded shares of 3D Systems Corporation from a neutral rating to a sell rating in a research report on Wednesday. B. Riley downgraded shares of 3D Systems Corporation from a neutral rating to a sell rating and dropped their target price for the stock from $18.00 to $7.00 in a research report on Wednesday. Finally, J P Morgan Chase & Co dropped their target price on shares of 3D Systems Corporation from $13.00 to $11.00 and set a neutral rating on the stock in a research report on Wednesday. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a strong buy rating to the company. 3D Systems Corporation currently has an average rating of Hold and a consensus price target of $13.24.
3D Systems Corporation (NYSE DDD) traded down $0.10 during midday trading on Thursday, hitting $8.99. 3,261,606 shares of the company were exchanged, compared to its average volume of 3,503,408. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.14 and a current ratio of 2.63. 3D Systems Corporation has a twelve month low of $8.70 and a twelve month high of $23.70.
3D Systems Corporation (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). 3D Systems Corporation had a negative return on equity of 5.85% and a negative net margin of 8.01%. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. research analysts expect that 3D Systems Corporation will post -0.13 EPS for the current fiscal year.
In related news, insider Vyomesh Joshi acquired 15,400 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $12.96 per share, with a total value of $199,584.00. Following the completion of the transaction, the insider now owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in 3D Systems Corporation by 23,856.2% in the first quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock worth $169,471,000 after acquiring an additional 11,280,863 shares in the last quarter. Vanguard Group Inc. grew its position in 3D Systems Corporation by 5.2% in the second quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock worth $169,369,000 after acquiring an additional 446,186 shares in the last quarter. Villere ST Denis J & Co. LLC grew its position in 3D Systems Corporation by 1.4% in the third quarter. Villere ST Denis J & Co. LLC now owns 4,953,090 shares of the 3D printing company’s stock worth $66,321,000 after acquiring an additional 68,300 shares in the last quarter. State Street Corp grew its position in 3D Systems Corporation by 4.0% in the second quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock worth $64,779,000 after acquiring an additional 134,652 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its position in 3D Systems Corporation by 294.2% in the third quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock worth $34,115,000 after acquiring an additional 1,901,406 shares in the last quarter. 56.65% of the stock is owned by institutional investors.
About 3D Systems Corporation
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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