3D Systems Corporation (NYSE:DDD) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

3D Systems Corporation (NYSE:DDD) has been assigned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.50.

A number of research firms have commented on DDD. Weiss Ratings lowered shares of 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Tuesday, August 4th.

Insider Activity

In other news, CEO Jeffrey Graves sold 115,500 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $3.26, for a total value of $376,530.00. Following the transaction, the chief executive officer directly owned 1,314,241 shares in the company, valued at $4,284,425.66. This trade represents a 8.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. boosted its position in shares of 3D Systems by 561.7% during the third quarter. Pinnacle Associates Ltd. now owns 2,258,048 shares of the 3D printing company’s stock worth $8,129,000 after purchasing an additional 1,916,783 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of 3D Systems in the 2nd quarter valued at $1,221,000. Dimensional Fund Advisors LP increased its position in shares of 3D Systems by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company’s stock valued at $3,537,000 after buying an additional 320,427 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of 3D Systems in the 2nd quarter valued at $774,000. Finally, Inspire Investing LLC increased its position in shares of 3D Systems by 229,329.9% in the 3rd quarter. Inspire Investing LLC now owns 176,661 shares of the 3D printing company’s stock valued at $636,000 after buying an additional 176,584 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

3D Systems Stock Performance

3D Systems stock opened at $3.04 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 2.27. The stock has a fifty day moving average price of $3.33 and a two-hundred day moving average price of $3.03. 3D Systems has a 52-week low of $1.70 and a 52-week high of $4.12. The firm has a market capitalization of $505.10 million, a P/E ratio of -7.41 and a beta of 2.77.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. The company had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $94.01 million. As a group, analysts anticipate that 3D Systems will post -0.23 EPS for the current fiscal year.

3D Systems Company Profile

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.