Piper Jaffray Cos. reaffirmed their underweight rating on shares of 3D Systems Corp. (NYSE:DDD) in a research note published on Saturday. Piper Jaffray Cos. currently has a $10.50 target price on the 3D printing company’s stock.
Several other research analysts have also recently issued reports on the company. Bank of America Corp. set a $25.00 price target on 3D Systems Corp. and gave the stock a buy rating in a research note on Tuesday, September 13th. Vetr raised 3D Systems Corp. from a sell rating to a buy rating and set a $17.50 price target for the company in a research note on Monday, September 26th. Jefferies Group reissued a hold rating and issued a $15.00 price target on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Needham & Company LLC reissued a hold rating on shares of 3D Systems Corp. in a research note on Thursday, August 4th. Finally, Zacks Investment Research raised 3D Systems Corp. from a strong sell rating to a hold rating in a research note on Tuesday, July 5th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. 3D Systems Corp. has an average rating of Hold and an average target price of $15.23.
3D Systems Corp. (NYSE:DDD) traded down 3.78% during mid-day trading on Friday, reaching $14.26. The company had a trading volume of 4,812,242 shares. 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 is $16.29 and its 200 day moving average is $14.90. The firm’s market capitalization is $1.60 billion.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings data on Wednesday, August 3rd. The 3D printing company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. The firm earned $158.10 million during the quarter, compared to the consensus estimate 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 was down 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. On average, analysts predict that 3D Systems Corp. will post $0.39 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in DDD. Creative Planning increased its stake in shares of 3D Systems Corp. by 16.0% in the second quarter. Creative Planning now owns 33,897 shares of the 3D printing company’s stock valued at $464,000 after buying an additional 4,666 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of 3D Systems Corp. by 20.9% in the first quarter. First Republic Investment Management Inc. now owns 45,113 shares of the 3D printing company’s stock valued at $698,000 after buying an additional 7,813 shares in the last quarter. Thrax Management LLC acquired a new stake in shares of 3D Systems Corp. during the first quarter valued at about $464,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of 3D Systems Corp. during the first quarter valued at about $13,660,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of 3D Systems Corp. during the first quarter valued at about $387,000. 50.16% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for 3D Systems Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems Corp. and related companies with MarketBeat.com's FREE daily email newsletter.