3D Systems Corporation (NYSE:DDD) had its price target decreased by J P Morgan Chase & Co from $13.00 to $11.00 in a research report released on Wednesday morning. J P Morgan Chase & Co currently has a neutral rating on the 3D printing company’s stock.

DDD has been the subject of several other reports. Piper Jaffray Companies reissued a sell rating and set a $10.00 price objective on shares of 3D Systems Corporation in a report on Wednesday. Stifel Nicolaus reissued a hold rating and set a $11.00 price objective (down from $15.00) on shares of 3D Systems Corporation in a report on Wednesday. Bank of America Corporation cut 3D Systems Corporation from a buy rating to an underperform rating and boosted their price objective for the stock from $9.63 to $12.38 in a report on Wednesday. Loop Capital reissued a hold rating and set a $10.00 price objective on shares of 3D Systems Corporation in a report on Wednesday. Finally, Susquehanna Bancshares Inc began coverage on 3D Systems Corporation in a report on Thursday, July 13th. They set a neutral rating and a $16.00 price objective for the company. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $13.76.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (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 5.80%. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year.

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In other 3D Systems Corporation news, insider Vyomesh Joshi acquired 15,400 shares of the firm’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 transaction, the insider now owns 165,400 shares of the company’s stock, valued at $2,143,584. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of DDD. Strs Ohio acquired a new position in shares of 3D Systems Corporation in the 2nd quarter valued at approximately $115,000. LS Investment Advisors LLC grew its position in shares of 3D Systems Corporation by 20.0% in the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after purchasing an additional 1,452 shares during the period. PNC Financial Services Group Inc. grew its position in shares of 3D Systems Corporation by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after purchasing an additional 1,552 shares during the period. Riverhead Capital Management LLC grew its position in shares of 3D Systems Corporation by 77.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock valued at $186,000 after purchasing an additional 4,326 shares during the period. Finally, Flinton Capital Management LLC grew its position in shares of 3D Systems Corporation by 76.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after purchasing an additional 4,386 shares during the period. 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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