Wall Street Zen Upgrades 3D Systems (NYSE:DDD) to “Hold”

3D Systems (NYSE:DDD) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of 3D Systems in a research note on Monday, December 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price objective on shares of 3D Systems in a report on Tuesday, March 10th. Finally, Leerink Partners reiterated an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, 3D Systems has an average rating of “Hold” and a consensus target price of $5.00.

3D Systems Stock Up 2.1%

DDD stock opened at $2.44 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.87. The company has a market capitalization of $356.41 million, a price-to-earnings ratio of -244,000.00 and a beta of 2.39. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $3.80. The stock has a fifty day moving average of $2.27 and a 200-day moving average of $2.36.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Monday, March 9th. The 3D printing company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The firm had revenue of $106.30 million during the quarter, compared to analysts’ expectations of $97.99 million. 3D Systems had a negative return on equity of 34.60% and a net margin of 7.72%. As a group, equities research analysts predict that 3D Systems will post -0.73 earnings per share for the current year.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently modified their holdings of DDD. Capital World Investors purchased a new position in 3D Systems during the third quarter valued at approximately $15,104,000. Silverberg Bernstein Capital Management LLC lifted its stake in 3D Systems by 14.6% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 2,338,970 shares of the 3D printing company’s stock worth $6,783,000 after purchasing an additional 298,310 shares in the last quarter. Icon Advisers Inc. Co. lifted its stake in 3D Systems by 23.8% in 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 purchasing an additional 500,000 shares in the last quarter. Penn Capital Management Company LLC bought a new position in 3D Systems in the 3rd quarter valued at $343,000. Finally, Teton Advisors LLC bought a new position in 3D Systems in the 3rd quarter valued at $116,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.