3D Systems Corporation (DDD) Upgraded at ValuEngine
ValuEngine upgraded shares of 3D Systems Corporation (NYSE:DDD) from a sell rating to a hold rating in a research note released on Thursday morning.
A number of other research firms also recently weighed in on DDD. Susquehanna Bancshares Inc initiated coverage on 3D Systems Corporation in a research note on Thursday, July 13th. They issued a neutral rating and a $16.00 price target for the company. Bank of America Corporation downgraded 3D Systems Corporation from a buy rating to an underperform rating and raised their price target for the company from $9.63 to $12.38 in a research note on Wednesday, November 1st. Zacks Investment Research upgraded 3D Systems Corporation from a strong sell rating to a hold rating in a research note on Wednesday, October 4th. Citigroup Inc. decreased their price target on 3D Systems Corporation from $13.00 to $8.50 and set a sell rating for the company in a research note on Thursday, November 2nd. Finally, Piper Jaffray Companies reiterated a sell rating and set a $10.00 target price on shares of 3D Systems Corporation in a research note on Wednesday, November 1st. 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. 3D Systems Corporation has an average rating of Hold and a consensus target price of $13.24.
3D Systems Corporation (NYSE:DDD) opened at $8.75 on Thursday. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01. 3D Systems Corporation has a one year low of $8.09 and a one year high of $23.70.
3D Systems Corporation (NYSE:DDD) last posted its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. analysts anticipate that 3D Systems Corporation will post -0.3 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in 3D Systems Corporation by 23,856.2% in the 1st quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock valued at $169,471,000 after acquiring an additional 11,280,863 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in 3D Systems Corporation by 294.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock valued at $34,115,000 after acquiring an additional 1,901,406 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in 3D Systems Corporation in the 2nd quarter valued at $9,353,000. Vanguard Group Inc. raised 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 acquiring an additional 446,186 shares in the last quarter. Finally, Investment Management of Virginia LLC raised its holdings in 3D Systems Corporation by 20.8% in the 3rd quarter. Investment Management of Virginia LLC now owns 1,906,710 shares of the 3D printing company’s stock valued at $25,531,000 after acquiring an additional 328,929 shares in the last quarter. 58.72% of the stock is owned by institutional investors and hedge funds.
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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