3D Systems (NYSE:DDD) Shares Up 12.4% – What’s Next?

Shares of 3D Systems Corporation (NYSE:DDD) rose 12.4% on Tuesday . The company traded as high as $3.59 and last traded at $3.54. Approximately 5,402,562 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 3,661,562 shares. The stock had previously closed at $3.15.

Analysts Set New Price Targets

DDD has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a research note on Wednesday, May 13th. Weiss Ratings restated a “sell (d)” rating on shares of 3D Systems in a research note on Friday, March 27th. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Leerink Partners restated an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

3D Systems Stock Performance

The business has a 50-day moving average of $2.32 and a two-hundred day moving average of $2.21. The company has a market cap of $515.79 million, a P/E ratio of 14.04 and a beta of 2.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.76 and a quick ratio of 1.73.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. 3D Systems had a negative return on equity of 19.64% and a net margin of 16.10%.The company had revenue of $95.50 million for the quarter, compared to the consensus estimate of $92.39 million. On average, sell-side analysts predict that 3D Systems Corporation will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On 3D Systems

Institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors bought a new stake in 3D Systems during the third quarter valued at about $15,104,000. Icon Advisers Inc. Co. boosted its holdings in 3D Systems by 23.8% in the third quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock worth $7,540,000 after acquiring an additional 500,000 shares in the last quarter. UBS Group AG boosted its holdings in 3D Systems by 83.1% in the fourth quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company’s stock worth $3,749,000 after acquiring an additional 961,166 shares in the last quarter. Quantbot Technologies LP acquired a new stake in 3D Systems in the third quarter worth about $211,000. Finally, Teton Advisors LLC acquired a new stake in 3D Systems in the third quarter worth about $116,000. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

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.