3D Systems Corporation (DDD) Rating Reiterated by Jefferies Group LLC
3D Systems Corporation (NYSE:DDD)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group LLC in a report issued on Tuesday. They presently have a $17.00 price objective on the 3D printing company’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 24.36% from the company’s previous close.
DDD has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $18.00 price target (up from $15.00) on shares of 3D Systems Corporation in a research report on Monday, June 26th. BidaskClub lowered shares of 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Deutsche Bank AG reissued a “hold” rating and set a $15.00 price target (down from $16.00) on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. ValuEngine lowered shares of 3D Systems Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.12.
3D Systems Corporation (NYSE DDD) traded down 0.22% during mid-day trading on Tuesday, reaching $13.64. 540,519 shares of the company’s stock were exchanged. The company’s 50-day moving average is $13.11 and its 200 day moving average is $16.56. 3D Systems Corporation has a one year low of $12.02 and a one year high of $23.70. The firm’s market capitalization is $1.55 billion.
3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The business had revenue of $159.47 million during the quarter, compared to analysts’ expectations of $163.01 million. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. Equities analysts predict that 3D Systems Corporation will post $0.44 earnings per share for the current fiscal year.
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In other 3D Systems Corporation news, insider Vyomesh Joshi bought 15,400 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $12.96 per share, for a total transaction of $199,584.00. Following the transaction, the insider now directly 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 SEC, which is accessible through this link. Company insiders own 5.00% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of 3D Systems Corporation by 23,856.2% during the 1st quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock valued at $169,471,000 after buying an additional 11,280,863 shares in the last quarter. Vanguard Group Inc. lifted its holdings in 3D Systems Corporation by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock valued at $169,369,000 after purchasing an additional 446,186 shares in the last quarter. State Street Corp lifted its holdings in 3D Systems Corporation by 4.0% in the 2nd quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock valued at $64,779,000 after purchasing an additional 134,652 shares in the last quarter. Northern Trust Corp lifted its holdings in 3D Systems Corporation by 3.8% in the 2nd quarter. Northern Trust Corp now owns 1,782,398 shares of the 3D printing company’s stock valued at $33,332,000 after purchasing an additional 65,068 shares in the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in 3D Systems Corporation in the 1st quarter valued at $20,539,000. Hedge funds and other institutional investors own 56.73% of the company’s stock.
3D Systems Corporation Company Profile
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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