3D Systems Corporation (NYSE:DDD) had its target price decreased by analysts at Citigroup Inc. from $13.00 to $8.50 in a report released on Thursday. The brokerage presently has a “sell” rating on the 3D printing company’s stock. Citigroup Inc.’s target price points to a potential downside of 5.45% from the company’s previous close.

A number of other research analysts have also commented on the company. BidaskClub lowered 3D Systems Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Susquehanna Bancshares Inc started coverage on 3D Systems Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $16.00 target price on the stock. Jefferies Group LLC reissued a “hold” rating and set a $17.00 target price on shares of 3D Systems Corporation in a report on Tuesday, October 3rd. Loop Capital started coverage on 3D Systems Corporation in a report on Monday, July 24th. They set a “hold” rating and a $18.00 target price on the stock. Finally, KeyCorp reissued a “hold” rating on shares of 3D Systems Corporation in a report on Friday, October 6th. Seven 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 stock. The stock presently has an average rating of “Hold” and an average price target of $13.24.

Shares of 3D Systems Corporation (DDD) traded down $0.10 during midday trading on Thursday, reaching $8.99. The company’s stock had a trading volume of 3,261,606 shares, compared to its average volume of 3,503,408. 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 52-week low of $8.70 and a 52-week high of $23.70.

3D Systems Corporation (NYSE:DDD) last issued its quarterly earnings data 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 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 analyst estimates of $162.22 million. During the same period in the prior year, the company earned $0.14 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. equities analysts forecast that 3D Systems Corporation will post -0.13 earnings per share for the current fiscal year.

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In other news, insider Vyomesh Joshi bought 15,400 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the completion of the transaction, the insider now owns 165,400 shares of the company’s stock, valued at $2,143,584. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of DDD. UBS Asset Management Americas Inc. raised its position in 3D Systems Corporation by 69.6% in the first 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 bought a new position in shares of 3D Systems Corporation during the first quarter worth about $262,000. Parametric Portfolio Associates LLC raised its position in shares of 3D Systems Corporation by 13.1% during the first quarter. Parametric Portfolio Associates LLC now owns 161,900 shares of the 3D printing company’s stock worth $2,422,000 after acquiring an additional 18,720 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 3D Systems Corporation by 2.0% during the first quarter. JPMorgan Chase & Co. now owns 80,472 shares of the 3D printing company’s stock worth $1,204,000 after acquiring an additional 1,575 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of 3D Systems Corporation by 7.6% during the first quarter. Prudential Financial Inc. now owns 71,322 shares of the 3D printing company’s stock worth $1,067,000 after acquiring an additional 5,020 shares during the last quarter. Hedge funds and other institutional investors 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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