Piper Jaffray Companies Upgrades 3D Systems Corporation (DDD) to Neutral
3D Systems Corporation (NYSE:DDD) was upgraded by equities researchers at Piper Jaffray Companies from an “underweight” rating to a “neutral” rating in a research note issued to investors on Monday. The brokerage currently has a $6.25 price objective on the 3D printing company’s stock. Piper Jaffray Companies’ price objective points to a potential downside of 27.91% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Loop Capital started coverage on 3D Systems Corporation in a report on Monday, July 24th. They set a “hold” rating and a $18.00 price target for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 price target (down from $15.00) on shares of 3D Systems Corporation in a report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of 3D Systems Corporation in a report on Friday, October 6th. Zacks Investment Research raised 3D Systems Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 price target on shares of 3D Systems Corporation in a report on Tuesday, October 3rd. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a strong buy rating to the stock. 3D Systems Corporation has a consensus rating of “Hold” and a consensus price target of $12.97.
Shares of 3D Systems Corporation (NYSE DDD) opened at $8.67 on Monday. 3D Systems Corporation has a twelve month low of $7.92 and a twelve month high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.
3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $162.22 million. During the same period in the prior year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. equities analysts anticipate that 3D Systems Corporation will post -0.3 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of DDD. Pictet Asset Management Ltd. boosted its position in shares of 3D Systems Corporation by 294.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock worth $34,115,000 after purchasing an additional 1,901,406 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of 3D Systems Corporation by 62.8% in the 3rd quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock worth $27,934,000 after purchasing an additional 805,000 shares during the last quarter. Think Investments LP bought a new position in shares of 3D Systems Corporation in the 3rd quarter worth $10,511,000. Vident Investment Advisory LLC boosted its position in shares of 3D Systems Corporation by 155.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 959,422 shares of the 3D printing company’s stock worth $12,847,000 after purchasing an additional 583,193 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of 3D Systems Corporation in the 2nd quarter worth $9,353,000. Institutional investors and hedge funds own 59.05% 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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