3D Systems (NYSE:DDD) Receives Overweight Rating from Cantor Fitzgerald

3D Systems (NYSE:DDD)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They currently have a $5.00 target price on the 3D printing company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 60.26% from the stock’s current price.

Other analysts also recently issued reports about the stock. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of 3D Systems in a report on Friday, March 27th. Finally, Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, 3D Systems presently has a consensus rating of “Hold” and a consensus price target of $5.00.

3D Systems Price Performance

NYSE DDD opened at $3.12 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 1.82. The firm has a market capitalization of $455.71 million, a price-to-earnings ratio of 12.48 and a beta of 2.58. The company has a 50 day simple moving average of $2.17 and a 200-day simple moving average of $2.20. 3D Systems has a 52-week low of $1.32 and a 52-week high of $3.80.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. The firm had revenue of $95.50 million during the quarter, compared to analysts’ expectations of $92.39 million. 3D Systems had a negative return on equity of 19.65% and a net margin of 16.10%. Equities research analysts predict that 3D Systems will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in 3D Systems by 15.9% in the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock worth $20,107,000 after purchasing an additional 1,556,321 shares in the last quarter. Capital World Investors bought a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $15,104,000. Geode Capital Management LLC grew its stake in shares of 3D Systems by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock valued at $4,876,000 after purchasing an additional 105,500 shares during the period. Nuveen LLC raised its holdings in shares of 3D Systems by 406.4% in the 4th quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock worth $4,787,000 after buying an additional 2,170,415 shares in the last quarter. Finally, Icon Advisers Inc. Co. lifted its position in shares of 3D Systems by 23.8% during the 3rd quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock worth $7,540,000 after buying an additional 500,000 shares during the period. 64.49% of the stock is owned by institutional investors.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.