3D Systems Corporation $DDD Stock Acquired by Inspire Investing LLC

Inspire Investing LLC raised its position in shares of 3D Systems Corporation (NYSE:DDD) by 229,329.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,661 shares of the 3D printing company’s stock after purchasing an additional 176,584 shares during the period. Inspire Investing LLC owned approximately 0.11% of 3D Systems worth $636,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC boosted its holdings in shares of 3D Systems by 14.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 28,292 shares of the 3D printing company’s stock worth $102,000 after purchasing an additional 3,500 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of 3D Systems by 87.4% during the 2nd quarter. NewEdge Advisors LLC now owns 11,873 shares of the 3D printing company’s stock valued at $36,000 after buying an additional 5,538 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of 3D Systems by 130.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 30,000 shares of the 3D printing company’s stock valued at $56,000 after buying an additional 17,000 shares in the last quarter. WINTON GROUP Ltd bought a new stake in 3D Systems in the 2nd quarter worth approximately $56,000. Finally, Headlands Technologies LLC boosted its stake in 3D Systems by 217.7% in the second quarter. Headlands Technologies LLC now owns 47,786 shares of the 3D printing company’s stock worth $144,000 after buying an additional 32,744 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey Graves sold 115,500 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $3.26, for a total transaction of $376,530.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,241 shares of the company’s stock, valued at approximately $4,284,425.66. This represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

DDD has been the topic of several research reports. Weiss Ratings downgraded shares of 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Craig Hallum raised shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.50.

3D Systems Stock Down 1.7%

Shares of 3D Systems stock opened at $2.94 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.27 and a current ratio of 3.40. 3D Systems Corporation has a 52-week low of $1.70 and a 52-week high of $4.12. The stock has a market capitalization of $488.48 million, a price-to-earnings ratio of -7.17 and a beta of 2.77. The company’s 50 day moving average price is $3.29 and its 200-day moving average price is $2.79.

3D Systems (NYSE:DDD) last issued its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.01 million. Equities research analysts forecast that 3D Systems Corporation will post -0.23 EPS for the current year.

3D Systems Profile

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.