Vetr upgraded shares of 3D Systems Corp. (NYSE:DDD) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning. Vetr currently has $20.54 price target on the 3D printing company’s stock.
Several other equities research analysts have also recently weighed in on the company. Bank of America Corp. restated a buy rating on shares of 3D Systems Corp. in a research note on Wednesday, June 8th. Canaccord Genuity restated a hold rating and set a $14.00 target price on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Pacific Crest restated a hold rating on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Jefferies Group restated a hold rating and set a $15.00 target price on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Finally, Needham & Company LLC restated a hold rating on shares of 3D Systems Corp. in a research note on Thursday, August 4th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $15.23.
3D Systems Corp. (NYSE:DDD) traded down 3.30% during midday trading on Thursday, hitting $17.58. The stock had a trading volume of 818,457 shares. The stock’s market cap is $1.97 billion. 3D Systems Corp. has a 1-year low of $6.00 and a 1-year high of $19.76. The company has a 50-day moving average of $16.22 and a 200-day moving average of $14.85.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The business earned $158.10 million during the quarter, compared to analysts’ expectations of $161.01 million. 3D Systems Corp. had a positive return on equity of 1.55% and a negative net margin of 100.84%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. Equities research analysts forecast that 3D Systems Corp. will post $0.39 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Villere ST Denis J & Co. LLC increased its position in 3D Systems Corp. by 54.0% in the second quarter. Villere ST Denis J & Co. LLC now owns 5,589,086 shares of the 3D printing company’s stock worth $76,514,000 after buying an additional 1,959,863 shares during the period. BlackRock Fund Advisors increased its position in 3D Systems Corp. by 43.6% in the second quarter. BlackRock Fund Advisors now owns 5,705,547 shares of the 3D printing company’s stock worth $78,109,000 after buying an additional 1,733,230 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in 3D Systems Corp. during the first quarter worth approximately $13,660,000. State Street Corp increased its position in 3D Systems Corp. by 22.5% in the second quarter. State Street Corp now owns 3,400,659 shares of the 3D printing company’s stock worth $46,554,000 after buying an additional 625,061 shares during the period. Finally, First Trust Advisors LP acquired a new position in 3D Systems Corp. during the second quarter worth approximately $5,498,000. 50.16% of the stock is currently owned by institutional investors and hedge funds.
About 3D Systems Corp.
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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