FBR & Co started coverage on shares of 3D Systems Corp. (NYSE:DDD) in a report released on Monday. The brokerage issued a market perform rating and a $18.00 target price on the 3D printing company’s stock.
DDD has been the subject of several other research reports. Vetr upgraded shares of 3D Systems Corp. from a sell rating to a buy rating and set a $17.50 price objective for the company in a research note on Monday, September 26th. Bank of America Corp. set a $25.00 target price on shares of 3D Systems Corp. and gave the stock a buy rating in a research report on Tuesday, September 13th. Zacks Investment Research upgraded shares of 3D Systems Corp. from a hold rating to a strong-buy rating and set a $20.00 target price for the company in a research report on Wednesday, September 28th. JPMorgan Chase & Co. restated a sell rating on shares of 3D Systems Corp. in a research report on Wednesday, July 20th. Finally, Pacific Crest restated an equal weight rating on shares of 3D Systems Corp. in a research report on Sunday, June 5th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $15.18.
3D Systems Corp. (NYSE:DDD) opened at 18.32 on Monday. The company’s 50 day moving average is $16.14 and its 200-day moving average is $14.82. 3D Systems Corp. has a 52-week low of $6.00 and a 52-week high of $19.76. The stock’s market cap is $2.06 billion.
3D Systems Corp. (NYSE:DDD) last announced its quarterly earnings data on Wednesday, August 3rd. The 3D printing company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a negative net margin of 100.84% and a positive return on equity of 1.55%. The firm earned $158.10 million during the quarter, compared to analysts’ expectations of $161.01 million. During the same quarter last year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities analysts anticipate that 3D Systems Corp. will post $0.39 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC acquired a new stake in 3D Systems Corp. during the second quarter valued at about $172,000. M&T Bank Corp increased its stake in 3D Systems Corp. by 5.5% in the first quarter. M&T Bank Corp now owns 11,773 shares of the 3D printing company’s stock valued at $182,000 after buying an additional 612 shares in the last quarter. Teacher Retirement System of Texas increased its stake in 3D Systems Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 14,771 shares of the 3D printing company’s stock valued at $202,000 after buying an additional 1,805 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in 3D Systems Corp. by 14.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,070 shares of the 3D printing company’s stock valued at $206,000 after buying an additional 1,910 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in 3D Systems Corp. during the second quarter valued at about $211,000. Institutional investors own 50.16% of the company’s stock.
3D Systems Corp. Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.
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