3D Systems (NYSE:DDD) Earns Overweight Rating from Cantor Fitzgerald

3D Systems (NYSE:DDD)‘s stock had its “overweight” rating reissued by equities researchers at Cantor Fitzgerald in a report released on Wednesday,Benzinga reports. They currently have a $5.00 price objective on the 3D printing company’s stock. Cantor Fitzgerald’s target price points to a potential upside of 60.26% from the company’s current price.

Several other research analysts have also recently weighed in on DDD. Leerink Partners reaffirmed an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, 3D Systems has a consensus rating of “Hold” and an average price target of $5.00.

3D Systems Trading Up 24.3%

NYSE:DDD opened at $3.12 on Wednesday. The stock has a market cap of $455.71 million, a price-to-earnings ratio of 12.48 and a beta of 2.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.87. 3D Systems has a 1 year low of $1.32 and a 1 year high of $3.80. The business has a fifty day moving average of $2.17 and a 200-day moving average of $2.20.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Monday, May 11th. The 3D printing company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. The business had revenue of $95.50 million for the quarter, compared to analyst estimates of $92.39 million. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.65%. Equities analysts predict that 3D Systems will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On 3D Systems

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 12,900 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of 3D Systems in the third quarter worth about $41,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of 3D Systems in the fourth quarter worth about $27,000. Prudential Financial Inc. increased its position in shares of 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 7,887 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of 3D Systems in the third quarter worth approximately $54,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.