Piper Jaffray Companies reiterated their sell rating on shares of 3D Systems Corporation (NYSE:DDD) in a report released on Wednesday. The firm currently has a $10.00 price objective on the 3D printing company’s stock.

Other equities analysts have also issued reports about the stock. Susquehanna Bancshares Inc initiated coverage on shares of 3D Systems Corporation in a research note on Thursday, July 13th. They issued a neutral rating and a $16.00 target price for the company. Zacks Investment Research raised shares of 3D Systems Corporation from a strong sell rating to a hold rating in a research note on Wednesday, October 4th. J P Morgan Chase & Co raised shares of 3D Systems Corporation from an underweight rating to a neutral rating and set a $13.00 target price for the company in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a hold rating and issued a $17.00 target price on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $15.00 target price on shares of 3D Systems Corporation in a research note on Wednesday, October 4th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $13.24.

Shares of 3D Systems Corporation (NYSE DDD) opened at $8.99 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 2.14 and a debt-to-equity ratio of 0.01. 3D Systems Corporation has a 1 year low of $8.70 and a 1 year high of $23.70.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. During the same quarter in the prior year, the company earned $0.14 EPS. 3D Systems Corporation’s quarterly revenue was down 2.2% on a year-over-year basis. research analysts expect that 3D Systems Corporation will post -0.13 EPS for the current fiscal year.

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In other news, insider Vyomesh Joshi bought 15,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the purchase, the insider now owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

A number of large investors have recently modified their holdings of DDD. UBS Asset Management Americas Inc. lifted its stake in 3D Systems Corporation by 69.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 67,119 shares of the 3D printing company’s stock valued at $1,004,000 after purchasing an additional 27,551 shares during the last quarter. Karp Capital Management Corp acquired a new stake in 3D Systems Corporation in the 1st quarter valued at about $262,000. Parametric Portfolio Associates LLC lifted its stake in 3D Systems Corporation by 13.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 161,900 shares of the 3D printing company’s stock valued at $2,422,000 after purchasing an additional 18,720 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 3D Systems Corporation by 2.0% in the 1st quarter. JPMorgan Chase & Co. now owns 80,472 shares of the 3D printing company’s stock valued at $1,204,000 after purchasing an additional 1,575 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in 3D Systems Corporation by 7.6% in the 1st quarter. Prudential Financial Inc. now owns 71,322 shares of the 3D printing company’s stock valued at $1,067,000 after purchasing an additional 5,020 shares during the last quarter. Institutional investors and hedge funds own 56.65% of the company’s stock.

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.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

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