3D Systems (NYSE:DDD) CEO Jeffrey Graves Sells 42,686 Shares of Stock

3D Systems Corporation (NYSE:DDD) CEO Jeffrey Graves sold 42,686 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $3.55, for a total value of $151,535.30. Following the sale, the chief executive officer directly owned 1,231,596 shares of the company’s stock, valued at $4,372,165.80. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

3D Systems Stock Up 2.8%

Shares of DDD opened at $3.64 on Friday. The company’s 50-day moving average price is $3.19 and its 200 day moving average price is $2.82. 3D Systems Corporation has a 12-month low of $1.70 and a 12-month high of $4.12. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. The firm has a market cap of $604.79 million, a P/E ratio of -8.88 and a beta of 2.75.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.01 million. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. On average, sell-side analysts forecast that 3D Systems Corporation will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On 3D Systems

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in 3D Systems by 87.4% in the 2nd quarter. NewEdge Advisors LLC now owns 11,873 shares of the 3D printing company’s stock valued at $36,000 after buying an additional 5,538 shares during the period. J. Derek Lewis & Associates Inc. acquired a new stake in shares of 3D Systems in the fourth quarter valued at $27,000. WINTON GROUP Ltd acquired a new stake in shares of 3D Systems in the second quarter valued at $56,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in 3D Systems by 130.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 30,000 shares of the 3D printing company’s stock valued at $56,000 after purchasing an additional 17,000 shares during the period. Finally, GC Wealth Management RIA LLC acquired a new position in 3D Systems during the 1st quarter worth $86,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on DDD. Weiss Ratings cut 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Craig Hallum upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.50.

About 3D Systems

3D Systems Corporation (NYSE:DDD) develops and provides additive manufacturing, commonly known as 3D printing, technologies for industrial and healthcare applications. The company offers 3D printers, printing materials, software, design and production services, and related support to help customers move from product development and prototyping to production.

Its solutions serve industries including aerospace and defense, automotive, healthcare, dental, consumer products, and general manufacturing.