3D Systems (NYSE:DDD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

According to Zacks, “3D Systems has an extremely volatile earnings history, oscillating between incredible beats and abysmal misses in the trailing four quarters. The company has been benefiting from favorable 3D printing industry fundamentals, led by rising demand for diverse application of this novel technology across several domains. However, unfavorable macroeconomic factors such as slowdown, inflation, currency fluctuations and commodity prices impacted the company’s performance. Moreover, 3D System operates in a highly dynamic and competitive market which adds to its risks. This apart, escalating R&D, IT and go-to-market expense may prove as significant headwinds, going forward. Also, the company’s products, applications and channels involve a range of gross profit margins that are vulnerable to quarterly fluctuations depending upon the mix of product shipments, which frequently proves to be a drag on key financials.”

Several other equities analysts also recently weighed in on the stock. Piper Jaffray Companies upgraded shares of 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 target price for the company in a research note on Monday, November 20th. Bank of America downgraded shares of 3D Systems from a “buy” rating to an “underperform” rating and lifted their target price for the stock from $9.63 to $12.38 in a research note on Wednesday, November 1st. Citigroup reduced their target price on shares of 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a research note on Thursday, November 2nd. Jefferies Group reiterated a “hold” rating and issued a $17.00 target price on shares of 3D Systems in a research note on Tuesday, October 3rd. Finally, FBR & Co cut shares of 3D Systems from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.70.

3D Systems (NYSE:DDD) traded up $0.16 on Thursday, hitting $9.61. 1,302,100 shares of the stock traded hands, compared to its average volume of 1,731,271. The stock has a market capitalization of $1,130.00, a P/E ratio of -20.89 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94. 3D Systems has a 52-week low of $7.92 and a 52-week high of $23.70.

3D Systems (NYSE:DDD) last posted its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The business had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $162.22 million. 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. 3D Systems’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. research analysts expect that 3D Systems will post -0.3 earnings per share for the current year.

In other news, Director G Walter Loewenbaum II acquired 40,500 shares of 3D Systems stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of $8.94 per share, with a total value of $362,070.00. Following the completion of the purchase, the director now owns 1,053,707 shares in the company, valued at $9,420,140.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 47,930 shares of company stock valued at $428,048. 5.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in DDD. PNC Financial Services Group Inc. lifted its position in 3D Systems by 19.4% during the second 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 last quarter. Riverhead Capital Management LLC lifted its position in 3D Systems by 77.3% during the second 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 last quarter. Flinton Capital Management LLC lifted its position in 3D Systems by 76.8% during the second 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 last quarter. Strategic Wealth Advisors Group LLC bought a new stake in 3D Systems during the second quarter valued at approximately $220,000. Finally, Stoneridge Investment Partners LLC bought a new stake in 3D Systems during the third quarter valued at approximately $260,000. Institutional investors and hedge funds own 60.35% of the company’s stock.

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3D Systems 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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