3D Systems Corp. (NYSE:DDD) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are covering the company. Four equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.45.
A number of research analysts have recently weighed in on DDD shares. Vetr lowered 3D Systems Corp. from a “sell” rating to a “strong sell” rating and set a $13.10 target price on the stock. in a report on Monday, July 18th. Bank of America Corp. set a $25.00 price target on 3D Systems Corp. and gave the stock a “buy” rating in a report on Tuesday, September 13th. Piper Jaffray Cos. lowered 3D Systems Corp. from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $12.00 to $10.50 in a report on Monday, July 18th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of 3D Systems Corp. in a report on Wednesday, July 20th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $14.00 price target on shares of 3D Systems Corp. in a report on Tuesday, September 13th.
A number of institutional investors have recently bought and sold shares of DDD. BlackRock Fund Advisors boosted its position in 3D Systems Corp. by 0.6% in the first quarter. BlackRock Fund Advisors now owns 3,972,317 shares of the 3D printing company’s stock valued at $61,452,000 after buying an additional 22,993 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in 3D Systems Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,046,563 shares of the 3D printing company’s stock worth $47,130,000 after buying an additional 7,977 shares during the last quarter. M&T Bank Corp boosted its position 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 worth $182,000 after buying an additional 612 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in 3D Systems Corp. during the first quarter worth about $13,660,000. Finally, TIAA CREF Investment Management LLC boosted its position in 3D Systems Corp. by 7.4% in the first quarter. TIAA CREF Investment Management LLC now owns 324,558 shares of the 3D printing company’s stock worth $5,021,000 after buying an additional 22,394 shares during the last quarter. Institutional investors and hedge funds own 50.16% of the company’s stock.
Shares of 3D Systems Corp. (NYSE:DDD) opened at 17.53 on Monday. 3D Systems Corp. has a 12-month low of $6.00 and a 12-month high of $19.76. The stock’s 50 day moving average price is $16.28 and its 200 day moving average price is $14.86. The firm’s market capitalization is $1.97 billion.
3D Systems Corp. (NYSE:DDD) last posted its earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a positive return on equity of 1.55% and a negative net margin of 100.84%. The company had revenue of $158.10 million for the quarter, compared to analyst estimates of $161.01 million. During the same quarter last year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities research analysts expect that 3D Systems Corp. will post $0.39 earnings per share for the current year.
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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