Canaccord Genuity Reiterates “Neutral” Rating for 3D Systems Corporation (DDD)
Several other analysts have also recently issued reports on the company. BidaskClub cut 3D Systems Corporation from a hold rating to a sell rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded 3D Systems Corporation from a sell rating to a hold rating in a research note on Tuesday, July 4th. 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 objective on the stock. Jefferies Group LLC reiterated a hold rating and issued a $17.00 price objective on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Finally, Loop Capital began coverage on 3D Systems Corporation in a research note on Monday, July 24th. They issued a hold rating and a $18.00 price objective on the stock. Seven 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. The stock currently has a consensus rating of Hold and a consensus price target of $13.24.
Shares of 3D Systems Corporation (NYSE DDD) opened at $8.99 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.14 and a current ratio of 2.63. 3D Systems Corporation has a 52 week low of $8.70 and a 52 week high of $23.70.
3D Systems Corporation (NYSE:DDD) last announced its quarterly earnings data on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $152.90 million during the quarter, compared to analyst estimates 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 was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. equities research analysts anticipate that 3D Systems Corporation will post -0.13 EPS for the current year.
In related news, insider Vyomesh Joshi purchased 15,400 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average price of $12.96 per share, with a total value of $199,584.00. Following the completion of the acquisition, the insider now directly owns 165,400 shares in the company, valued at approximately $2,143,584. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in 3D Systems Corporation in the second quarter valued at about $115,000. LS Investment Advisors LLC lifted its position in 3D Systems Corporation by 20.0% in the second quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after purchasing an additional 1,452 shares during the period. PNC Financial Services Group Inc. lifted its position in 3D Systems Corporation by 19.4% in 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 period. Riverhead Capital Management LLC lifted its position in 3D Systems Corporation by 77.3% in 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 period. Finally, Flinton Capital Management LLC lifted its position in 3D Systems Corporation by 76.8% in 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 period. Hedge funds and other institutional investors own 56.65% of the company’s stock.
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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